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Bush's Lame Duck Budget

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President Bush’s $3.1 trillion proposed federal budget, announced yesterday, would produce record deficits despite cuts in Medicare and other programs. Forum crunches the numbers.

Guests:

John Godfrey, journalist with the Wall Street Journal

Chris Edwards, director of tax policy at the Cato Institute

Maya MacGuineas, president of the Committee for a Responsible Federal Budget at the New America Foundation

Alan Auerbach, Robert D. Burch professor of economics and law at UC Berkeley and director of the Burch Center for Tax Policy and Public Finance

Linda Bilmes, professor of public policy at the Kennedy School of Government at Harvard University and co-author of "The Three Trillion Dollar War: The True Cost of the Iraq Conflict"

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