The budget is expected to show a record deficit of more than a half-trillion dollars in 2004, up from $375 billion last year.
Now we face a record deficit and irresponsible budget gimmickry.
The Government reported a record deficit of $16.5 billion in July.
"We are looking at record deficit and potential cuts in all kinds of programs," he said.
Republicans will attack it for running up a record deficit of more than $500 billion.
The record deficit, $4.1 billion, was set in this year's second quarter.
This administration has not only had a job hemorrhage, but sent us into record deficits.
In the 1986 budget year, the Government had a record $220.7 billion deficit.
On the same basis, the record 1987 deficit is reduced to $152.12 billion, from $170.32 billion.
Exports declined, so the country now faced record deficits in its foreign trade.