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Bush to cut Deficit from Federal Budget

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smirkymonkey Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 10:24 PM
Original message
Bush to cut Deficit from Federal Budget
WASHINGTON, DC—President Bush proposed a $2.4 trillion election-year budget Monday that would boost defense spending, redistribute funds among government programs, and cross out the $477 billion deficit entirely.

"Nobody likes making cuts, but the nation's current rate of spending and the decreased tax revenues we've seen since implementing my tax cuts have created a deficit that we can't afford to carry," Bush said in a nationally televised address. "Someone had to have the vision, leadership, and courage to go in and erase that line altogether, no matter how unpopular and impossible that may be."

According to the Congressional Budget Office, the $477 billion deficit is the country's largest ever, easily topping the previous record of $290 billion in 1992. If the budget is approved, however, the deficit will roll down to $0.0 billion.

In the past, critics have accused the Bush Administration of responding to a mounting deficit and the ongoing recession with unsound fiscal policies like cutting taxes for the wealthy. Bush supporters say the deficit cut proves the wisdom of the president's economic plan.

http://www.theonion.com/news.php?i=1&n=0

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StClone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 10:31 PM
Response to Original message
1. So we go with Defense spending being
The largest expenditure now that Social Security is being killed. So we protect the thieves then buy weapons and military support systems from them. Wow the scam of the Universe has been perfected.
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The Backlash Cometh Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-25-04 10:41 PM
Response to Reply #1
2. Ohhhh! You won't believe what my handicapped neighbor said about this
He's originally from up North and grew up in a rough neighborhood. Sadly, he probably won't be around for many more years for health reasons, but he was incensed at Greenspan. He felt that Social Security is a golden goose, not to be touched and he was so mad he actually said that people would kill over this kind of decision. I tried to change the subject, but he said that there were people who worked their entire lives earning that money and wouldn't accept it when they retire and have nothing to show for it. I know he wasn't referring to anyone he knows in particular, but he seemed to think that's how people would react back where he grew up. Scary stuff.
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MR. ELECTABLE Donating Member (170 posts) Send PM | Profile | Ignore Wed Feb-25-04 10:50 PM
Response to Original message
3. Chill out it's satire!
It's an article from "The Onion" for godssake! Like Bush would ever own up to the fact that his tax cuts caused the deficit-- according to him they "saved the economy".
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strategery blunder Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-27-04 01:56 AM
Response to Original message
4. Sounds like Enron to me
It may be in the Onion, but I wouldn't put it past him.
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