Deficits/Debt
March 23, 2007
Will the Democrats in Congress make the Budget Deficits and the National Debt worse?
AP in Deficits/Debt
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"Despite much debate over taxes, the immediate effect of the House and Senate budget blueprints for next year is to award increases above inflation to domestic agencies for the portion of their budgets passed each year by Congress.
The Senate's plan would give nondefense programs an $18 billion increase, about 4 percent. The House measure proposes a $25 billion increase, almost 6 percent.
Even so, Democrats are eager to pass a budget, regarding it as an important test of their ability to govern."
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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