From New Democrats Online
"Padding the Record Books
White Houses are forever looking to tout superlative
achievements, but here's a superlative you won't hear the
president touting on the campaign trail next year: his all-time
record for budget deficits.
On this score, the Bush administration is certainly in a league
of its own. By its own estimate released yesterday, the deficit
will hit a record $455 billion this year and surge to $475
billion in 2004.
In fact, if President Bush wants to run on his record, he is on
track to set plenty:
* First president likely to run up a trillion-dollar deficit in
one term: Yesterday, the Office of Management and Budget
projected a $1.9 trillion increase in the national debt over the
next five years.
* Sharpest plunge from surplus to deficit: The Clinton
administration delivered a record budget surplus in its final
year of $236 billion. Bush has delivered a stunning $691 billion
reversal of fortune in just three years.
* Most dramatic swing in long-term outlook: When Bush took
office, the 10-year budget of the United States forecast a
surplus of $5.6 trillion dollars, a nice cushion to have in place
with the Baby Boom set to retire. But after two big sets of tax
cuts and a variety of spending increases, a reasonable projection
of the ten-year deficit now exceeds $5 trillion -- an $11
trillion swing.
* Most jobs killed in a first term: The economy has lost 2.6
million jobs since Bush took office. He's almost certain to
become the first president since Herbert Hoover to leave the
economy with fewer jobs than when he took office."
How could this man possibly be re-elected? We need to get out of the Bushes and into the clearing.

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