Bush budget would bring record deficits

[Yukari Yakumo]

Source: AP

WASHINGTON - 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.

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.

But even those figures are optimistic since they depend on rosy economic forecasts and leave out the full costs of the war in Iraq. The White House predicts the economy will grow at a 2.7 percent clip this year, far higher than congressional and private economists expect, and the administration's $70 billion figure for military operations in Iraq and Afghanistan is simply a placeholder until the next president takes office.

Read more: http://news.yahoo.com/s/ap/20080205/ap_on_go_pr_wh/bush_budget_79

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More money for the military-industrial complex while everybody else gets screwed. aka, more of the same from the Chimpenfurher. Weren't the RePukes supposed to be the party of fiscal responsibility?

[mihalevich]

1. Do you think

This was the plan all along. To bankrupt the government and therefore forcing reduction in Seconal programs?

[mihalevich]

4. social programs

[WillParkinson]

2. Compassion

It's not just for the people anymore.

[ursi]

3. Boy, we were already in trouble before this ...what a jerk ...

[bulloney]

5. But conservatives and their media stooges will blame this on the Dems' takeover of Congress.

Never mind that this is Bush's proposed budget and Congress has not had any debate on it yet. Never mind that Bush has been unyielding on his military spending. When it's all said and done, the parties mentioned above will associate this deficit spending with the Democrats and their liberal friends.

[Make7]

6. In 2004 Bush said he would cut the deficit in half within five years.

 

Bush: I proposed a plan, detailed budget, that shows us cutting the deficit in half by five years.

http://www.debates.org/pages/trans2004c.html

Bush: I propose a detailed budget, Bob. I sent up my budget man to the Congress, and he says, here's how we're going to reduce the deficit in half by five years.

http://www.debates.org/pages/trans2004d.html

- Make7

[Javaman]

16. you have forgotten how moron* counts...

1,2,3,4,forever.

[benld74]

7. The man IS CERTIFIABLE,,,

the sad thing is he gets a federal pension for life, secret service protection for life and we have to live with what he has done FOR LIFE!!!

[Demeter]

9. Only Until We Take It Away

and that could be tomorrow, as far as I'm concerned.

[Wcross]

8. Why do they call it a "Budget"?

It sounds like a spending plan to me. It has nothing to do with budgeting.

[LynnTheDem]

10. No problem! Cut everything except war machinery!

Got no food?

Starve.

Got no medical insurance?

Die.

Got no education?

Don't be elitest.

And go starve and die.

That's the New American Way! USA! USA! USA!

[Yavapai]

11. Reminds me of what Jimmy Carter inherited from Nixon.

Then the republican whining began.

[daleo]

12. It looks like Bin Laden's plan might be working

First he broke the back of the Soviet economy, now it is the turn of the U.S. federal budget. Of course your opponent has to walk into your trap...

[norskeamer]

13. We're already in 'record deficit' territory

they just play with the numbers to fool the easily fooled.

[focusfan]

14. i think congress is retarded to go along with the moron Bush

it's a shame that our goverment has a crook as a president and
nothing is done about it.our house speaker is such a bitch she
won't do nothing about it.

[Javaman]

15. "I don't think anyone could have anticipated that!"

:banghead:

[sakabatou]

17. The stupid! It burns!

[ReformedChris]

18. Endless Republican Fiscal Irresponsibility. Im really worried for NASA's Constellation Project.....

NASA isn't getting the funding it needs to push this project up so we can wash away the legacy of the Nixonian Shuttle Death Trap (Nixon was sold the shuttle as a NASA profit builder and a cheap alternative to Apollo). Bush is a fiscal disaster and I wish Democrats would do more to reign in the senseless spending (war, the blank check for defense ERR offense).

[bamacrat]

19. Just imagine what shape our country would be in had we not gone to war.

Not to say with Bouche as the president he would have used the hundreds of billions to help the country, but i just wonder.