3.2% annual growth over last six years would have yielded a surplus

Don't Blame Tax Cuts for Deficits, Watchdog Says
Susan Jones/CNSNews.com Morning Editor Original Article

President Bush and Congressional Republicans have "completely abandoned fiscal responsibility," a leading Democrat charged on Tuesday, after the nonpartisan Congressional Budget Office projected that this year's deficit would hit $368 billion, excluding war costs.

"Analyzing the numbers, we've found that if the federal government had merely limited total spending growth over the past six years to 3.2 percent annually, CBO would today be projecting a small surplus for FY 2005, instead of a $368 billion deficit."