MayTheRonBeWithYou
02-04-2008, 11:04 AM
WASHINGTON - President Bush unveiled a $3.1 trillion budget proposal on Monday that supports a sizable increase in military spending to fight the war on terrorism and protects his signature tax cuts.
Bush called the document "a good, solid budget," but Democrats, and even a top Republican, attacked the plan for using budgetary gimmicks to project a budget surplus in four years.
The budget proposal, which shows the government spending $3 trillion in a 12-month period for the first time in history, squeezes most of government outside of national security, and also seeks $196 billion in savings over the next five years in the government's giant health care programs — Medicare for the elderly and Medicaid for the poor.
Even with those savings, Bush projects that the deficits, which had been declining, will soar to near-record levels, hitting $410 billion this year and $407 billion in 2009. The all-time high deficit in current dollar terms was $413 billion in 2004.
:mad:
Ron should hit the interview circuit on TV and blast this.
Bush called the document "a good, solid budget," but Democrats, and even a top Republican, attacked the plan for using budgetary gimmicks to project a budget surplus in four years.
The budget proposal, which shows the government spending $3 trillion in a 12-month period for the first time in history, squeezes most of government outside of national security, and also seeks $196 billion in savings over the next five years in the government's giant health care programs — Medicare for the elderly and Medicaid for the poor.
Even with those savings, Bush projects that the deficits, which had been declining, will soar to near-record levels, hitting $410 billion this year and $407 billion in 2009. The all-time high deficit in current dollar terms was $413 billion in 2004.
:mad:
Ron should hit the interview circuit on TV and blast this.