It begins. So, so many people told us about this a few months ago. Countless voices said budget projections are worthless, especially with the economy slowing down. Now Medicare funding is going to be stolen in order to pay for the spending programs dreamed up by W and his "brain trust". I wonder what kind of reaction the white house would get is congress actually ran a budget deficit this year. Of course, there's the potential that we will run a surplus, or at least an "off-budget" [scroll all the way down on this link] surplus. Of course, if we ran only an off-budget surplus, the effect of the tax cut could be made to seem minimal. I hope none of this happens but the fact that we're half way through the year and we're already $70MM off our projections. Also, since we have Texas stalwarts at the top of the cabinet food-chain, which programs do you think will be cut first if the surplus goes the way of the Do-do?
- posted by levinson @ 7/03/2001 08:26:00 AM