- Only one of two presidents in U.S. History to lose jobs
2.4
million jobs lost since Febuary 2001 [CNN Money Jan 20, 2004]
- Tax cuts have not boosted economy
Economy.com study found the tax
cuts added less than two percentage points to GDP growth in the third quarter,
suggesting most of the economy's growth was due to pent-up demand after the
first months of the war in Iraq.
- Congressional Budget Office projects U.S. deficit to hit $477 billion
January 26, 2004 The Congressional Budget Office on predicted a deficit of
$477 billion in 2004. It said next year's deficit would total $362 billion, up
from its previous forecast of $341 billion. And, based on current spending and
tax policies, total deficits are now expected to reach almost $2.4 trillion
between 2004 and 2013, up from a prior forecast of $1.4 trillion in the same
period.
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