Nothing But Politics

[Rick Faurot]

Kerry blasts Bush on record deficit predictions
Wednesday, September 8, 2004 Posted: 8:11 AM EDT (1211 GMT)

GREENSBORO, North Carolina (AP) -- Democratic presidential candidate John Kerry said Tuesday that new predictions of a record federal budget deficit are fresh evidence that President Bush is taking the country in the wrong direction.

"Only George W. Bush could celebrate over a record budget deficit of $422 billion, a loss of 1.6 million jobs and Medicare premiums that are up by a record 17 percent,"Kerry said. "W stands for wrong -- the wrong direction for America."

The Congressional Budget Office projected this election-year's federal deficit will reach $422 billion, the highest ever but less than the amount analysts predicted earlier this year. (Record $422 billion deficit predicted