Welcome to your new budgetposted by Jazz at 2/06/2005 06:45:00 AM
NOTE: YOU ARE VIEWING AN ARCHIVED POST AT RUNNING SCARED'S OLD BLOG. PLEASE VISIT THE NEW BLOG HERE.
We're still going to have an expanding deficit. The administrations spin on this will be that the hole they are digging us into is only about half as deep as previously predicted. There are a couple of major problems with this, of course. First of all, these "improved numbers" still don't include the cost of Bush's wars or his proposed piratization of Social Security. So any numbers you see which look "better" are, once again, nothing but smoke and mirrors.
Even for the reductions he's going to achieve, the cost will be high. To finance all of his other grand adventures, he's looking for cuts in:
- Education for American Indian children
- The Environmental Protection Agency (again)
- Home heating subsidies for the poor
- Federal-state health programs for the poor and disabled
- Farm subsidies
Yet in the face of all this, Bush still wants to make his disastrous tax cuts permanent and shows no lessening of his appetite for tax dollars to fund the war machine. Next stop.... Iran!
If there is any good news to be had from this, it's just possible that Bush will push to actually cut down the pork barrel spending on both sides of the aisle for the firs time in ages.