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Budget deficit |
Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.05 sec. |
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Budget deficit The amount by which government spending exceeds government revenues. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| At its current rate of growth, the federal budget deficit could top $46 trillion (adjusted for inflation) by the time baby boomers start retiring. Bush's main talking point on the budget is that he "cut the federal budget deficit in half"--that would be from 2004, the year the White House inflated the projected deficit for 2006. Douglas Holtz-Eakin, the former director of the Congressional Budget Office who also served as a White House economist under President Bush, sees little reason to cheer in the face of an estimated budget deficit for the current fiscal year that is forecast to be lower than previously thought but will still approach $300 billion. |
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