Bush’s Big Budget Book Matches Deficit
Everything about President Bush’s new budget today was big, including the size of the book, which weighed about the same as a newborn baby--seven pounds.
The red, white and blue document was 1 1/2 pounds more than last year’s 5 1/2-pound book, which was considered large. It was 2 1/2 inches thick, half an inch thicker than last year’s.
Bush estimated spending to go up 2.6% between 1991 and 1992, and his budget book’s verbiage soared more than 27% to explain it.
And the cost of the book for budget-browsers went up as well, to $41, compared to last year’s $38.
All this to find that Bush estimated that spending will greatly outpace receipts for a record $318.1-billion deficit in the fiscal year ending Oct. 1 and $280.9 billion in 1992. The old red-ink record was $221 billion in 1986.
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