Bush 2007 budget quietly omits impact of policies on deficit

[sabra]

http://rawstory.com/news/2005/Bush_2007_budget_quietly_omits_impact_0207.html

Bush 2007 budget quietly omits impact of policies on deficit

President George W. Bush's fiscal year 2007 budget quietly omits a table included in previous years which lays out the impact of the Administration's proposed policies on the deficit, RAW STORY has learned.



The image above shows the table of contents for the summary tables of the 2006 and 2007 fiscal year budgets proposed by President Bush. The 2006 summary includes "S-12, Impact of Budget Policy"; the 2007 does not. All other categories have been retained.

The missing table was first discovered by the Center on Budget and Policy Priorities. Its omission -- a single table among thousands and thousands of pages that follow a standard format each year -- likely signals that the Administration is trying to keep the focus off the massive deficits which the United States will incur after 2010.

Bloomberg News notes that under the 2007 budget, the federal deficit would decline until 2010 and then start rising at a remarkable rate.

[Earth_First]

1. More Ministry of Truth propaganda...

Just like the M3 data, and the scrubbing of photos with * appearing with Abramoff...etc. etc.

[stop the bleeding]

3. Ministry of Truth, so true - getting better by the minute n/t

[savemefromdumbya]

2. Bush spending like there's no tomorrow

what people forget is that our children and grandchildren will be lumbered with all this debt. Simply printing more money will not be the answer. Something like 100 million 'baby boomers' will be retiring soon! He just spends, spends, spends on defense and cuts money from the poor.

[Mithras61]

4. I think he's betting on economic collapse, actually...

He acts like he thinks that we'll be able to write it all off when the whole economy goes bust because of the international switch to more stable currencies and the expected coming collapse in the value of real estate. I've read estimates that project a devaluation of US currency by 30-50%.

"We'll just pay it all off in "new dollars" that have half the value of "old dollars" and everyone will be just peachy keen happy!"

[savemefromdumbya]

7. yes, if he rules the world anything is possible?

However, I don't think things will pan out that well. Future generations will suffer hard.

[Mithras61]

8. I'm not all that sure that...

future generations are the ones who will suffer. I've seen opinions by respectable economists speculating that the timeframe we're talking about is 5 to 7 years at the outside.

[savemefromdumbya]

9. I want a refund for all the dumb things he has done in his 'appointment'

[Blue_Forney05]

5. I saw a interesting arcticle on yahoo.com

about Ben Stein, off all people, stating our economy is on borrowed time due to our massive trade and budget defecits. Funny though because Ben Stein is a big advocate of massive tax cuts to the rich. Maybe if we repealed those tax cuts, our budget future won't be as bleak. Tariffs on imported goods wouldn't hurt either. I say F**k NAFTA,CAFTA and other stupid trade agreements. Thats the one thing I hate about Bill Clinton, NAFTA. What was he thinking?

[stop the bleeding]

6. Welcome to DU Blue_Forney05!

:toast:

[The White Tree]

10. In looking at these screen images

it appears other things are missing or changed.

They generally seem to match until Table S-8.

Then the 2007 budget has a Table (S-9) ominously titled, "Economic Assumptions" that is not in the 2006 list.

The tables then match up until the Impact of Budget Policy Table mentioned in the Post which is in 2006 and missing from 2007. Also the table right after that in 2006, Baseline Adjustments seems to be missing.

One other Table S-4 seems to have a differant name and possibly a differant purpose. In 2006 it is called Discretionary Proposals B.... and in 2007 it says Discretionary Funding By....

[Mithras61]

11. Actually, if you go to the PDFs, it appears that he...

has actually left out two tables, and has expanded one table into two. I acquired these lists from those PDFs...

2006 Budget:

Table S-1. Budget Totals
Table S- 2. Discretionary Totals
Table S- 3. Growth in Discretionary Budget Authority by Major Agency
Table S- 4. Discretionary Proposals By Appropriations Subcommittee
Table S- 5. Homeland Security Funding By Agency
Table S- 6. Mandatory Proposals
Table S- 7. Effect of Proposals on Receipts
Table S- 8. Receipts By Source— Summary
Table S- 9. Comparison of Economic Assumptions
Table S- 10. Budget Summary by Category
Table S- 11. Current Services Baseline Summary by Category
Table S- 12. Impact of Budget Policy
Table S- 13. Baseline Adjustments
Table S- 14. Federal Government Financing and Debt

2007 Budget:

Table S-1. Budget Totals
Table S-2. Discretionary Totals
Table S-3. Growth in Discretionary Budget Authority by Major Agency
Table S-4. Discretionary Funding By Appropriations Subcommittee
Table S-5. Homeland Security Funding By Agency
Table S-6. Mandatory Proposals
Table S-7. Effect of Proposals on Receipts
Table S-10. Comparison of Economic Assumptions
Table S-8. Receipts By Source—Summary
Table S-9. Economic Assumptions
Table S-11. Budget Summary by Category
Table S-12. Current Services Baseline Summary by Category
Table S—13. Federal Government Financing and Debt