Democrats Attack President Bush's Budget, Claiming It Worsens an Already B

[NVMojo]

WASHINGTON (AP) -- Democrats are attacking President Bush's budget for worsening the already bleak deficit picture, even as a new congressional analysis of his fiscal plans shows no end in sight for huge amounts of red ink.

A report Friday by the nonpartisan Congressional Budget Office said under Bush's budget, federal deficits over the next 10 years would get no lower than a projected $229 billion in 2010. It excluded the potential costs of Bush's plan to revamp Social Security, any costs for wars in Iraq and Afghanistan after this year, and other possible expenses.

The CBO also raised new questions about the president's ability to meet his goal of halving federal deficits by 2009.

The report projected a deficit that year of $246 billion. That would meet Bush's target of halving the $521 billion shortfall he projected for last year - a figure that ended up being $109 billion too high. But it would not be close to cutting last year's actual, record $412 billion deficit in half.

Rep. John Spratt of South Carolina, top Democrat on the House Budget Committee, said the report's "deficits paint a dismal picture, which the president's budget only makes worse."

The new figures were released days before the House and Senate Budget committees plan to write their own spending plans for the coming year.


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http://hosted.ap.org/dynamic/stories/B/BUSH_BUDGET?SITE=NVREN&SECTION=HOME

[whistle]

1. It's a budget that spends lavishly in areas that only few benefit...

...and introduces drastic cuts for goods and services most of us need.

[NVMojo]

2. it's a neocons wet dream come true!

[whistle]

3. Well put!

[Mark E. Smith]

4. (AP) Democrats: Bush Budget Makes Deficit Worse

WASHINGTON - Democrats are attacking President Bush's budget for worsening the already bleak deficit picture, even as a new congressional analysis of his fiscal plans shows no end in sight for huge amounts of red ink.

A report Friday by the nonpartisan Congressional Budget Office said under Bush's budget, federal deficits over the next 10 years would get no lower than a projected $229 billion in 2010. It excluded the potential costs of Bush's plan to revamp Social Security, any costs for wars in Iraq and Afghanistan after this year, and other possible expenses.

The CBO also raised new questions about the president's ability to meet his goal of halving deficits by 2009.

The report projected a deficit that year of $246 billion. That would meet Bush's target of halving the $521 billion shortfall he projected for last year - a figure that ended up being $109 billion too high. But it would not be close to cutting last year's actual record $412 billion deficit in half.

http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20050305/ap_on_go_pr_wh/bush_budget
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Nice that Red Ink George conveniently excludes the hundred of billions he is squandering on the various vanity wars he is conducting, or the $2 trillion he wants to shovel at investment companies for looting Social Security. Shrub can't come close to meeting his own fiscally deleterious goals even when he cooks the books. George W. Bush is to fiscal conservatism what a Big Mac and fries is to diet food.

[spikesmom]

5. Contributions From Corporations Shouldn't Be Allowed

Bush is more interested in kissing the asses of his corporate contributors and giving special interest groups what they want . It is in opposition to what is good for the "American Public". I have capitalized here for a reason- we, the american public, should be a presidents first concern. The Social Security scheme Bush cooked up because of donations to his campaign from T. Rowe Price and other investment houses who would be zillionaires if privitization takes place. Agreat many of the corporations that outsource have donated to chimp's reelection camaign and they have been rewarded greatly by chimp's corporate-friendly tax breaks and Bush bullshitting to the public how "outsourcing is good for America"- he tells us that as he pisses on us and tells us that it is raining!