Bush Budget Would Bring Record Deficits »
Posted By not2needy 8 months, 1 week ago in Business & FinanceWASHINGTON - The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.
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not2needy
I am a Christian, Married, Liberal, and retired social worker. One son. I enjoy my computer, gardening, reading, cooking and having a good time with ...
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Aotearoa8 months, 1 week ago
Mite as well spend while he can cos his legacy is already set. The Demos in the Senate better put up a fight because the people come Novermber are going to remember all this when they vote. On that note I guess the repugs will have no chance in being the next commander in chief with the mess king george will leave the country with.
leve leva e malanga kae tau
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Endoscopy8 months, 1 week ago
Democrats cripple defense and intelligence and complain when it has to be fixed. Bush spends like a Democrat and the Democrats complain. Explain this to me. Clinton was dragged kicking and screaming to a balanced budget when the Republicans took congress. He wanted to draw it down going to for several years. After it was forced on him he and the Democrats act like it was his idea. Where does most of the money go with Bush. Social programs and the Democrats whine that it is not enough. They want to make health care for children universal. They want to add to the stimulus probram that has been proven not to work.
Whine, whine, whine
Spend more, spend more, spend more
Budget deficit, budget deficit, budget deficit.
Raise taxes, raise taxes, raise taxes
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capecoralM8 months, 1 week ago
This study is one of the first to estimate the total impact of illegal immigration on the federal budget. Most previous studies have focused on the state and local level and have examined only costs or tax payments, but not both. Based on Census Bureau data, this study finds that, when all taxes paid (direct and indirect) and all costs are considered, illegal households created a net fiscal deficit at the federal level of more than $10 billion in 2002. We also estimate that, if there was an amnesty for illegal aliens, the net fiscal deficit would grow to nearly $29 billion.
Among the largest costs are Medicaid ($2.5 billion); treatment for the uninsured ($2.2 billion); food assistance programs such as food stamps, WIC, and free school lunches ($1.9 billion); the federal prison and court systems ($1.6 billion); and federal aid to schools ($1.4 billion).
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dunkirk8 months, 1 week ago
ROFLMAO, he was dragged by a Republican congress? The same Republican controlled congress that 4 years agi generated a record 413 billion dollar debt? Seems if I remember right CLinton shut down the government when that fiscally (ROFLMAO) responsible Republican controlled congress refused to do just that.
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NoWayMan8 months, 1 week ago
endo wrote: "Democrats cripple defense and intelligence and complain when it has to be fixed. Bush spends like a Democrat and the Democrats complain. Explain this to me."
First, dems don't cripple defense spending, especially since the US spends more on defense than the rest of the world combined. AND was it the dems who secretly tried to remove money from things like R&D programs for bomb detection equipment? No, it was Bush who did that.
And Bush spends WAY MORE than any democrat ever spent. that's just the truth, so deal with it. "Bush spends like Reagan" would be a better comparison, since he's the guy who started the idiotic republican cycle of fiscal irresponsibility: spend spend spend way beyond our means.
I stopped reading right there since endo's first two points were so absolutely stoooopid.
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MRCOFFEECAKE8 months, 1 week ago
endo gets -17 with my vote.
How DARE you say that Bush spends like a Democrat?
Democrats would not be rewarding war profiteers such as the Carlyle group, Halliburton and Blackwater.
Did you know that Blackwater has been recruiting our own soldiers to sign on with them and stay to make "tons more money"?
Democrats would not reward Exxon and Texaco while airlines are struggling to pay fuel increases and BOTH of those expenses are passed on to the taxpayer with higher travel and home heating costs.
You still defend the indefensible.
You PATHETICALLY heap praise on a Republican congress that balanced the budget, but they have never lost power, so why don't you blame them for the deficit? Your "logic" is mind boggling, but whittled down to the point where only a fool would accept it.
Your scare tactics are representative of the ramblings of angry old people. Those same angry old people occupy congress and got us into this mess! Try thinking young,
it's refreshing!
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mesodude8 months, 1 week ago
"Democrats cripple defense and intelligence and complain when it has to be fixed. Bush spends like a Democrat and the Democrats complain."
--Pure BS. If you cons thought national defense was so "crippled," what the hell made you think illegally invading Iraq while we were already in the midst of a war in Afghanistan was such a bright idea? Is that something you do when your military is "crippled"?
And it's funny that when the wingers were in charge under Clinton, you sure didn't hesitate to hold *his* feet to the fiscal responsibility fire. What happened to your tight grip on the purse strings when Chimpy stole into the White House in 2000?
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not2needy8 months, 1 week ago
FTA:
The Pentagon would receive a $36 billion, 8 percent boost for the 2009 budget year beginning Oct. 1, even as programs aimed at the poor would be cut back or eliminated. Half of domestic Cabinet departments would see their budgets cut outright.
Slumping revenues and the cost of an economic rescue package will combine to produce a huge jump in the deficit to $410 billion this year and $407 billion in 2009, the White House says, just shy of the record $413 billion set four years ago.
Yet again it's the poor who suffer, and rich rake it in.
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Candida8 months, 1 week ago
I find it absolutely amazing that he can say with a straight face things like "Our formula for achieving a balanced budget is simple: create the conditions for economic growth, keep taxes low and spend taxpayer dollars wisely or not at all," while announcing a $410 billion deficit. (Actually $610 billion because the approximately $200 billion needed for the wars are not included.) I guess he means that achieving a balanced budget should be simple for for a competent leader, even though he could not manage go get even close to it.
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bluetexasvalley8 months, 1 week ago
Isn't that kinda like saying "I can put more on my credit cards 'cause I may get a raise next year"?
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BronxBomber8 months, 1 week ago
Yep! Bkumm! He wants to make cuts to Medicare, and Medicaid so that he can supplement tax breaks to the rich. He really was born in a wrong time. He really should've been born back in ancient Rome where despotic consuls were corrupted,and were dealt with promptly. They were 'cut' to the quick if you know what I mean.
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not2needy8 months, 1 week ago
It almost seems like that's the kind of govt he has tried to establish here, only problem was, he didn't have enough time.
Given another few years, this would be Nazi Germany all over again. As it is we're headed toward being a third world country, with a few having it all, and the rest of us begging for table scraps.
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bluetexasvalley8 months, 1 week ago
Yeah, tell the wife to stop spending on fresh fruit and veggies so I can get that 60" TV.
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Eagle_Eye8 months, 1 week ago
"programs aimed at the poor would be cut back or eliminated"
That has been going on since Reagan and Bush 1!!!!
I can't wait till this shiz is over!!!! I wonder if we will ever get out of this hole he has dug us into?
I wonder if the world will ever respect America again....
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blinkers8 months, 1 week ago
I wonder this too, EE.
It is truly disheartening to see the sinking regard in which America is held, around the world. But there are encouraging signs that, internationally, people do realise that these times are passing, and that there remains the promise, somewhere up ahead, that things will be change -- for the better.
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pongping8 months, 1 week ago
As despicable as Bush is, he did not get us there alone. He has had a very willing Congress and was reelected. We the people have not been very responsible. We let ourselves be made to believe Britney Spears' latest episode has more bearing on our lives.
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