ONCE AGAIN, PRESIDENT ACCUSED OF LYING:
US Comptroller Differs With Bush On Causes Of Deficit

From Quicken.com via J. Orlin Grabbe:

The current federal budget deficit isn't the result of the war with Iraq and the recession, as maintained by President George W. Bush, U.S. Comptroller General David M. Walker said Tuesday.

Walker said the deficit is a result of a structural imbalance between federal revenues and federal liabilities and a harbinger of deeper troubles to come. Walker is head of the General Accounting Office and is the federal government's highest-ranking auditor.

"Structural" means it's built in and permanent: Bush's idiotic tax cuts caused this. So much for the famed fiscal responsibility of Republicans. Click here.

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