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CBO PREDICTS $480 BILLION DEFICIT IN 2004
 $1.4 Trillion in Debt Foreseen Over the Next Decade
Americans Take It Up The Ass
 Capitol of the Homeland, USA - (GNS)
- The federal budget deficit will reach $480 billion next year, with annual deficits over most of the next decade accumulating to $1.4 trillion in federal debt, according to forecasts released today by the non-partisan Congressional Budget Office.
     "Americans will be swimming in debt, mortgaged to the hilt, they will be the 18th century equivalent of indentured servants and slaves," CBO Break-It-Down-So-You-Fucking-Get-It Director Plain English explained.
     "I mean, I don't want to be crude, but this is the ultimate fiscal rape," English said.
     English said early indications were that Americans were prepared to respond by bending over and taking it up the ass.
     "That's the technical jargon for it," he said.
     English said if Congress permanently extends current tax cuts, as President Bush has requested, the numbers soar and remain in the red for the foreseeable future, adding another $1.6 trillion to the debt.
     "There goes your kids' future, and your grandkids," English said.
     He suggested parents sign up offspring now for the U.S. Army Early Enrollment Plan.
     "Better they should join one of the president's legions overseas where there's the possibility of achieving glory in battle and returning home a celebrated and rewarded hero than to face life here as an indentured servant," English said.
     English said the forecasts do not include ongoing costs of U.S. military and reconstruction activity in Iraq or other new spending proposals. The cost of the Bush administration's proposal for expanding prescription drug benefits for seniors would add another $400 billion in debt, he said.
     The deficit for the current fiscal year, which ends Sept. 31, will be $401 billion, the CBO estimates, far exceeding the previous record-high deficit of $290 billion in Fiscal Year 1992.
     "And if you think deregulation and an economy run by corporations headed by the likes of Kenny Lay, Rupert Murdoch, Dick Cheney and the heads of Bechtel, Haliburton, Worldcom, Exxon, and the rest of those thieves and pirates is going to grow us out of this, well I've got some oceanfront property in Iraq you might want to buy," English said.