Final Bush Budget Continues Same Failed Fiscal Policies

[AuntPatsy]

And 4 more years of Republican leaderships is simply four more years of the same...this source is from the "horses" mouth so to speak...you can't spin it if you tried..


http://budget.house.gov/pres_budgets/Instant_analysis_web.pdf



Final Bush Budget Continues Same Failed Fiscal Policies

Overview – Today’s budget continues this
Administration’s same failed fiscal and economic
legacy: large deficits, a growing burden of debt, a
weakened economy, and an expensive deficitfinanced
tax agenda offset only in part by cuts to
important services including Medicare, Medicaid,
environmental protection, the Centers for Disease
Control, and the Low-Income Home Energy
Assistance Program (LIHEAP).

Though the Administration claims its budget eventually reaches
balance, under realistic assumptions it remains in deficit in every year. The Administration now
shows that the 2008 deficit will be $410 billion (the second largest in history), followed by a
deficit for 2009 currently estimated to be $407 billion (the third largest in history) but likely to
grow once the full costs of Administration policies are included.


-snip-

Budget Never Reaches Balance Under Realistic
Assumptions – Though the Administration claims that
its budget eventually reaches balance, it once again
understates the fiscal impact of its policies, omitting
the full cost of its Iraq policy and the cost of reforming
the Alternative Minimum Tax (AMT).

The omitted
cost of the AMT totals $408 billion over five years,
and, according to a CBO scenario, war costs over the
next five years could be as much as $489 billion more
than the Administration included
*This document has not been reviewed and approved by


http://www.c-span.org/search.aspx?For=mccain%20campaign

Keeping the eye on the man behind the curtain….its more than obvious these guys should not be ignored, they continue and the bottom line is simple, if we want four more years of this which its more than obvious we cannot afford it then by all means vote the reigning republican candidates back in charge, if not, its going to take all of us to ensure such a horrifying scenario is not allowed to happen….all of us…

[GoesTo11]

1. How can we spend $3 Trillion and be cutting things like disease control and EPA?

$3 Trillion is

3 million x $1 million. That's a whole lot of money. How can we be borrowing hand over fist, spending this much, and blowing off community patrols, basic stuff like that?

[AuntPatsy]

2. What I wonder is just who exactly is this money going to because it sure is not going to our country