Senate Democrats annouce budget plan-HIDE YOUR WALLETS!
http://www.washingtonpost.com…AR2008030402741.html
Senate Democrats unveiled a budget plan yesterday that would inject billions of additional dollars into such domestic priorities as education, energy and transportation, while providing $35 billion for a second round of government spending aimed at stimulating a weak economy.
The spending would push the federal deficit to more than $350 billion in fiscal 2009, but Senate Budget Committee Chairman Kent Conrad (D-N.D.) said the blueprint would erase the deficit within four years, producing a $160 billion surplus in 2013.
To get there, however, Democrats assume all of President Bush’s first-term tax cuts would expire on schedule in 2010, bringing in billions in revenue. But if the most popular tax measures were extended, as the two Democratic presidential candidates have promised, the surplus would all but evaporate, Conrad said.
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