As one of the top ten concerns in this years presidential election, the national deficit has been given some attention by both presidential candidates. But the candidates can only make promises to the public on this issue, stating that they will cut the national deficit in half , by 2009. Since both George W. Bush and John Kerry have the same goal, the examination begins on how each of them plan to achieve it.
When President Clinton took office, he reduced the national debt by 10% in his last five years. But as Bush took the presidential seat in 2001, he reversed this progress and is now predicting that he will achieve the highest ratio of Gross National Debt to the Penny (GDP) in 50 years, if we re-elect him.(http://zfacts.com/p/318.html)
“When Bush took office, there was a surplus of $236 billion, according to the Office of Management and Budget. By the end of 2004, a record $413-billion deficit is expected because of tax cuts, spending on national secu...