WTF Is It Now?!?

White House admits deficit ballooning
Blames Tenet, British Intelligence, Bill Clinton's dog

The White House said on Tuesday the federal budget deficit would balloon to a record $455 billion this fiscal year after absorbing heavy costs from the war in Iraq, and then climb $20 billion higher in 2004, a presidential election year.

Democrats countered that the budget deficit was approaching crisis levels not seen since the Reagan administration, and blamed Bush's tax cuts.

"pResident Bush is repeating two dangerous habits: misleading the American people and ducking responsibility for his mistakes," said Democratic presidential hopeful Joe 'too little, too late' Lieberman.