Senator Jon S. Corzine (D-NJ) says he is worried that spending unaccounted for in the budget will increase the deficit.
Senator Corzine said in a press conference today that the president’s tax cuts, the possible supplemental $80 billion to be used for operations in Iraq, and transitionary costs for Social Security needed for the next 10 years. Sen. Corzine said that the president’s plans would increase the defecit over the next 10 years from $1 trillion to $6 trillion. (1:10)
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February 1, 2005
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- Joshua Bolten on the growing costs of unfunded obligations of Social Security
- White House Gaggle
- Clinton says she will protect Social Security
- Senator Jon S. Corzine (D-NJ), states if Social Security is cut in New Jersey, it will eventually cause a negative impact to New Jersey’s state budget and economy.
- Senate Budget Committee Critiques President’s Budget Proposal
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