A new fiscal world since Bush wrote 1st budget

[Pale Blue Dot]

http://www.philly.com/mld/inquirer/news/nation/7712971.htm

President Bush will propose an election-year budget Feb. 2 in a world starkly changed since his first White House bid, with recession, tax cuts, war and terrorism having transformed soaring surpluses into huge deficits.

Bush's $2.3 trillion budget for 2005 will woo voters by proposing to make already-enacted tax cuts permanent and probably seeking tax breaks for savers and for low-income people's health costs. It will call for more money for defense, domestic security, education, space, and the global fight against AIDS, say administration officials, congressional aides and lobbyists.

<snip>

The administration says tax cuts it has pushed through Congress will spur the economy and, along with proposed spending restraints, help make deficits smaller. Even so, the budget's deterioration is certain to become a battleground in this year's presidential election.

"He inherited one of the greatest gifts any president in American history could inherit, surpluses of unprecedented amounts," said Thomas Kahn, Democratic chief of staff of the House Budget Committee. "And within a couple of years, thanks most significantly to his large tax cuts, we're now facing the biggest deficits in American history."

[Caution]

1. that headline SHOULD read:

"A new fiscal world due to Bush's 1st budget"

Thanks a lot chimpy. I'm so glad you fucking bankrupted my country, destroyed our credibility across the globe, alienated our allies, invaded another country in a move of unbridled aggression, allowed Bin Laden to escape, continually attempt to scare the population into submission through your terra alerts, and have purposefully and aggressively destroyed my right to privacy and my civil liberties. Great friggin job.

Two words to Bush and his criminal gang: FUCK YOU.

[54anickel]

2. Ahh, so precious. WTF

probably seeking tax breaks for savers and for low-income people's health costs.

Savers? Who can save more than a dime these days, and how much of a tax break will you get on the measly 1% interest you're earning?

Health care costs? People have no costs, they aren't buying because they can't afford it!

So clueless to what is happening to the American way of life from the ivory tower.

[Tansy_Gold]

5. A dime? Someone managed to save a dime?

Musta been some true-blue Dem who desperately wanted a souvenir pic of FDR as a reminder of happier days. . . . .


Tansy Gold, who ain't savin' nothin' these days. . . . .

[lovedems]

3. More lip service. We all know by now how different his "proposed"

budgets look compared to the "finished" budget. He is the king of lip service as far as I am concerned. Screw him and his constant lies. I have better things to do than watch his SOTU. People have been waiting for 2 years for his tax cuts to improve the economy and they haven't done shit except give the rich people more money to invest and maybe buy the yacht they always dreamed of while middle americans are losing their homes and getting into record levels of debt.

[indepat]

4. If tax cuts of this magnitude are good, why not abolish all taxes?