Friday, February 11, 2005

The Bush Budget and a Lack of Leverage

The top man at the non-partisan Congressional Budget Office holds little hope for President Bush's budget cutting record federal deficits. Director Douglas Holtz-Eakin says the cuts the President wants are only in a small fraction of the overall budget.

He likens it to a lever. With a long enough handle, you could lift the burden of a large deficit. But with no handle, you're not going to get it very far off the ground. The Bush Budget cuts make up a small handle. (ABC)

No comments: