Let's hope the Asian bank keeps on lending us cash

[struggle4progress]

Feb. 6, 2007, 10:59PM
By LOREN STEFFY

... Bush plans to spend $2.9 trillion while taking in $2.7 trillion in revenue. Nevertheless, his budget calls for extending existing tax cuts and beefing up defense spending while cutting health care, education and the environment ...

... he will use the Social Security surplus to shore up his numbers. Without those reserves, we'd still be looking at a $187 billion deficit.

Even then, the budget assumes no spending increases for any programs that require annual appropriations. Government spending has risen every year for the past four decades, so history isn't on the president's side.

His plan also assumes the cost of wars in Iraq and Afghanistan will fall from $175 billion to nothing in the next three years and that he can slash Medicare payments to doctors ...

http://www.chron.com/disp/story.mpl/business/steffy/4532255.html

[Auggie]

1. Just another * dirty trick...

Leave the economic mess for the next president, hopefully a democrat.

[StClone]

2. No wonder they started again with SSI going broke

They borrowed all the money and have no way to put reserves back in to replenish the it.