Friday, November 05, 2004

Putting a Pricetag on the President's Second Term

President Bush says his election win gave him "political capital" and he plans to spend it. But it may not be enough to pay for everything he wants.

When he took office four years ago, there were $5.6 trillion in estimated surpluses over the next decade. That's turned into $2.3 trillion in deficits -- before you add in the cost of the wars in Afghanistan and Iraq.

Analysts can't figure out where the President will find the money to pay for his plans. (LAT, Philly Inquirer, MSNBC)

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