2.9 Trillion Dollar Spending Budget Proposed

[Kia]

Bush submits $2.9 trillion budget to Congress (http://edition.cnn.com/2007/POLITICS/02/05/bush.budget.ap/index.html) (Full article)


President Bush sent a $2.9 trillion spending plan to a Democratic-controlled Congress on Monday, proposing a big increase in military spending.

While the budget includes billions more to fight the war in Iraq, the rest of government would be squeezed to meet Bush's goal of eliminating the deficit in five years.

Bush's spending plan would make his first-term tax cuts permanent, at a cost of $1.6 trillion over 10 years.

He is seeking $78 billion in savings in the government's big health care programs -- Medicare and Medicaid -- over the next five years.

Release of the budget in four massive volumes kicks off months of debate in which Democrats, now in control of both the House and Senate for the first time in Bush's presidency, made clear that they have significantly different views on spending and taxes.

"The president's budget is filled with debt and deception, disconnected from reality and continues to move America in the wrong direction," said Senate Budget Committee Chairman Kent Conrad, D-North Dakota.

House Budget Committee Chairman John Spratt, D-South Carolina, said, "I doubt that Democrats will support this budget, and frankly, I will be surprised if Republicans rally around it either."

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Bush was seeking a Pentagon budget of $624.6 billion for 2008, more than one-fifth of the total budget, up from $600.3 billion in 2007.

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I'm trying to imagine how useful this kind of money would be to education, health care, public services, and more throughout the US and around the world....The fact that so many working class and even middle class people ( i know most don't care about the middle class) will suffer in America if this budget gets past is revolting. How something like this can even be suggested as reasonable blows my mind.
Any thoughts or comments?

[Guerrilla22]

Bush's spending plan would make his first-term tax cuts permanent, at a cost of $1.6 trillion over 10 years.

And yet he believes that the budget can be balanced in 5 years, LOL!

[Janus]

I don't see how he's gonna balance the budget with these increases and his tax cuts. The only thing that Bush is balancing on is luck. Furthermore, I'm interested in seeing how the Democrats are going to deal with his domestic cuts and how far they're going to challenge him on this.

[ComradeR]

I don't see how he's gonna balance the budget with these increases and his tax cuts.
By cutting funds for healthcare, and also reducing eligibility for Medicaid which is a health program for children and the poor. And they're also planing on cutting back on other domestic programs like education.


Furthermore, I'm interested in seeing how the Democrats are going to deal with his domestic cuts and how far they're going to challenge him on this.
Same here but i'm not holding my breath.

[Guerrilla22]

Originally posted by [email protected] 06, 2007 06:33 am
I don't see how he's gonna balance the budget with these increases and his tax cuts. The only thing that Bush is balancing on is luck. Furthermore, I'm interested in seeing how the Democrats are going to deal with his domestic cuts and how far they're going to challenge him on this.
It must be nice to live in the fantasy world that Bush lives in, where you can fail at everything you do and still believe everything will turn out okay in the end! :lol:

[Louis Pio]

US economy is a collossus on clay feet, and now Bush wants to blow it up? :wacko:
He's not really the brightest guy around, but of course he's painted himself up in a corner and now faces the consequenses.

[Whitten]

This is typical of the Neocons, they will be spending more money on the military budget than most governments have altoghether. Meanwhile boosting terrible public education and no public healthcare.

[Phalanx]

What's the use in spending so much on the military when they're not able to find willing warm bodies?

The death of the American empire will be slow and painful, but Iraq has shown us that the end has begun.

[Guerrilla22]

Originally posted by [email protected] 06, 2007 10:37 pm
This is typical of the Neocons, they will be spending more money on the military budget than most governments have altoghether. Meanwhile boosting terrible public education and no public healthcare.
But there's all sorts of threats to the US out there! :lol:

[Janus]

By cutting funds for healthcare, and also reducing eligibility for Medicaid which is a health program for children and the poor. And they're also planing on cutting back on other domestic programs like education.
The Dems. have explicitly stated that they'll block such measures. But even this is still based on a lot of luck that the economy will hold (with increased profits and stable loans) and that spending for the Iraq War will drop shortly (something that is very unlikely).

[grove street]

With such an increase in military spending at the expense of education, welfare and health ect, while at the same time being bogged down in an unwinnable war has a very close resemblance to the USSR before it collapsed.

[Guerrilla22]

Unfortunately, this isn't a new trend, the Bush regime has been doing this for some time now, the only difference is for the first time ever he's facing a democrat controlled congress, it will be interesting to see what kind of fight if any erupts over this proposed budget.