"Deficits Don't Matter" - Dick Cheney

"US President George W Bush's administration has forecast a record $US445-billion ($A639 billion) budget deficit in 2003-04... The shortfall for the fiscal year ending September 30 represented a massive deterioration from a gap of $US375 billion (about $A540 billion) in 2002-03... It was equal to 3.8 per cent of total economic output."

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