Fiscal Responsibility

With the Congressional Budget Office predicting a record 478 billion dollar budget deficit, even some Republican Senators have recently withdrew their support for President Bush's proposals to make the 2001 tax cuts permanent. Ranking members of the Senate Budget Committee have wisely concluded that the long term fiscal health of the American economy is more important than playing politics.

The Washington post reports that, "...the discussions mark a growing shift in GOP and conservative attitudes about taxes and spending as Congress begins to grapple with projections of record deficits. The nonpartisan Congressional Budget Office told Congress last Friday that Bush's 2005 budget proposal would generate $2.75 trillion of additional federal debt over the next decade, while failing to cut the deficit in half by 2009, as the president has promised."