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AFP. 8 January 2002. Bush says terror war may require deficits.
President George W. Bush said US federal budget deficits may be the
price to pay to battle global terrorism, ensure homeland security and
pull the US economy out of recession.
Bush noted his administration had said deficits are justified in times
of war, national emergency, or recession, "and we're still at all
three," as he worked to ensure voters that he is focused on restoring
growth.
Bush acknowledged that "we may not balance the budget" for 2003 but
rejected calls to slow or freeze portions of his 11-year, 1.35
trillion-dollar tax cut that affect the richest Americans.
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