Budget deficit to top record $1.58 trillion
David Lightman and Kevin G. Hall, MCT
Issue date: 8/26/09 Section: News
Within half an hour of the new forecast's release, the National Republican Congressional Committee sent releases to media in the districts of 12 vulnerable Democrats, charging how the member "voted in favor of his party's egregious and bloated federal budget, and is now on the hook for an additional $2 trillion."
Rep. Steny Hoyer, D-Md., the House majority leader, scoffed at such talk.
"President Obama inherited the major causes of the deficit-including debt-financed tax cuts and an economic crisis from the last administration, but he has accepted the responsibility to leave our nation on sounder fiscal footing than he found it," Hoyer said.
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ON THE WEB
The Congressional Budget Office mid-year review: http://tinyurl.com/ltlxhj
The White House mid-session review: http://www.whitehouse.gov/omb/blog/09/08/25/Mid-SessionReview/
The White House May budget outlook: http://www.whitehouse.gov/omb/budget/fy2010/assets/summary.pdf
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(c) 2009, McClatchy-Tribune Information Services.
Rep. Steny Hoyer, D-Md., the House majority leader, scoffed at such talk.
"President Obama inherited the major causes of the deficit-including debt-financed tax cuts and an economic crisis from the last administration, but he has accepted the responsibility to leave our nation on sounder fiscal footing than he found it," Hoyer said.
___
ON THE WEB
The Congressional Budget Office mid-year review: http://tinyurl.com/ltlxhj
The White House mid-session review: http://www.whitehouse.gov/omb/blog/09/08/25/Mid-SessionReview/
The White House May budget outlook: http://www.whitehouse.gov/omb/budget/fy2010/assets/summary.pdf
___
(c) 2009, McClatchy-Tribune Information Services.
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