Financial Times FT.com

Bush’s ‘zero deficit’ pledge challenged

By Krishna Guha in Washington

Published: January 3 2007 19:08 | Last updated: January 3 2007 19:08

Prominent Democratic economists on Wednesday challenged President George W. Bush’s pledge to present a budget next month that would cut the federal government deficit to zero by 2012 while making tax cuts permanent.

Jason Furman, director of the centrist Hamilton Project, said: “There will be a lot left out and I would bet it relies on deep, unspecified and improbable cuts in future discretionary spending.”

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this