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He simply can't do everything he promises — cut taxes, reduce the deficit, increase defense budget.
Beyond the war costs, administration officials did not spell out the precise reasons for the deficit increase.
TUC general secretary Brendan Barber said it made sense to let the deficit increase, given the state of the economy.
The Tax Policy Center, which tends to find much smaller effects, estimated the deficit increase at nearly $1.5 trillion.
And she wanted congressional leaders to promise to undo the Medicare cuts automatically triggered by the deficit increase from the tax cut.
Far and away the biggest contributor to the deficit increase was the GOP tax cut, which cost Uncle Sam an estimated $164 billion.
Similar(45)
In Sweden, in the early 90s, the deficit increased tenfold.
As a result, the surplus shrinks, or the deficit increases, both from declining revenues and increasing costs.
N.C.A.A. teams across all divisions that fall behind in games tend to lose, and more so as the deficit increases.
He said the central bank's financing of the deficit increased inflation and precipitously reduced hard currency reserves.
On the other hand, he was also the budget director under President George W. Bush, when the deficit increased sharply.
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