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8.19.2003
Its the Clue Phone, Its for You. U.S. July budget deficit nearly doubles 
Ring!!! Bush: "Hello, who is it?" Corbett B. Daly, CBS Marketwatch: "Its me Corbett Daly, from CBS Marketwatch" Bush: "So? What do I care what you think?" Corbett B. Daly: "The U.S. federal budget deficit nearly doubled to $54.2 billion in July from $29.2 billion a year ago, the Treasury Department said Tuesday." Bush: "That's all Clinton's fault, Karl says so." Corbett B. Daly: "So far in fiscal year 2003, the federal deficit has totaled $324.0 billion, compared with $145.5 billion a year ago. Receipts fell 3.9 percent so far this year to $1.48 trillion, while outlays rose 7.1 percent to $1.80 trillion." Bush: "Yeah, well, we've had terrorush and the war in Iraq that I started, that's not cheap you know, have you seen gas prices, now imagine a fleet of tanks and hummers." Corbett B. Daly: "Analysts said the larger deficit is the result of several factors, including a sluggish economy and recently enacted tax cuts." Bush: "Well, that's their opinion now isn't it?" Corbett B. Daly: "The White House has forecast a record $455 billion dollar budget deficit for fiscal year 2003, which ends September 30. For fiscal year 2004, which runs from October 1 to September 30 next year, the administration is predicting a $475 billion shortfall." Bush: "erp...?" Corbett B. Daly: "The non-partisan CBO earlier this month projected that the U.S. would record a $401 billion deficit this fiscal year." Bush: *Click* Corbett B. Daly: "Hello, Mr. President?" | |
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