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The $4.4 Trillion Hole in the Bucket

Yesterday's CBO update on the federal budget--which projected $4.4 trillion in deficits over the next ten years, if Bush's own proposals are implemented--is being spun by BC04 as just wonderful, wonderful news. These guys really are shameless. Today's New Dem Daily looks at the facts and the spin, and says everything worth saying on the subject, so I won't comment here.