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CBO budget outlook is not a cause of celebration

From NYT.com

 

The NYT:

The federal budget deficit will shrink this year to its lowest level since 2001, but the fiscal outlook for the next 10 years is as bleak as ever, the Congressional Budget Office said Thursday.

The budget office estimated the deficit for the 2006 fiscal year, which ends on Sept. 30, at $260 billion. That would be $58 billion less than last year, $112 billion less than the agency estimated in March and even lower than the White House’s most recent forecast.

The improvement is almost entirely a result of an unexpectedly big jump in tax revenue, particularly in corporate tax receipts and what appear to be higher payments by the nation’s wealthiest households.

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Center for Budget and Policy Priorities has mo

Russ Feingold’s statement

 

 

Statement of U.S. Senator Russ Feingold
On the District Court’s Rebuke of the Administration’s Warrantless Wiretapping Program

August 17, 2006

August 17, 2006“Today’s district court ruling is a strong rebuke of this administration’s illegal wiretapping program. The President must return to the Constitution and follow the statutes passed by Congress. We all want our government to monitor suspected terrorists, but there is no reason for it to break the law to do so. The administration went too far with the NSA’s warrantless wiretapping program. Today’s federal court decision is an important step toward checking the President’s power grab.”
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He has hit the nail on the head.  This isn’t about spying or taping or terrorism.  It is about a Power Grab!!  It about expanding executive power!