If the Budget Summit Was a Success, Why is the Five-Year Deficit Heading Toward $1 Trillion?
The recently released 1992 federal budget documents the failure of the federal government to live within its means. Despite claims that last year's budget agreement would reduce the federal deficit by almost $500 billion, the Bush Administration now says the federal deficit will balloon by more than $800 billion over the next five years relative to the estimate it prepared just one year ago.
For complete publication: bg109.pdf
Back to: Policy Backgrounder | Economy | Federal Spending