Little Rock - Today the Congressional Budget Office released a report predicting a record $477 billion deficit for Fiscal Year 2004. Wes Clark issued the following statement:

"In just three short years President Bush's reckless tax cuts for the wealthy have turned record surpluses into record deficits. I will bring a higher standard of leadership to Washington that puts deficit reduction at the center of my economic agenda to create jobs and restore prosperity."

Wes Clark has proposed a Savings for America's Future plan that would save $2.35 trillion over ten years for deficit reduction and investments in key priorities like health care and education. Wes Clark's plan would repeal the Bush tax cuts for families making over $200,000 annually, cut corporate welfare and close corporate loopholes, streamline government and eliminate duplicative programs, and save money through a success strategy for Iraq. Under Wes Clark's plan the deficit is reduced each and every year.