Democratic Response
Senate Majority Analysis of the Administration's Budget
Following are a statement from Senate Budget Committee Chairman Kent Conrad (ND-D) and an introduction to the Senate Majority leadership’s analysis of the President’s proposed Fiscal Year 2003 budget. Chairman Conrad’s Statement Sadly, President Bush’s Fiscal Year (FY) 2003 budget request represents one of the most dramatic deteriorations in the Nation’s fiscal outlook we have ever seen. Just a year ago, the Bush Administration held up projections of a record $5.6 trillion, 10-year surplus as proof that we could afford a massive tax cut, while still protecting Social Security and Medicare, paying down all available Federal debt, and providing for…
