Bush's Budget- Death And Taxes- For Everyone Except The Rich

[BayCityProgressive]

http://www.workers.org/2007/us/war-budget-0215/

Twenty thousand dollars a second; $70 million an hour. That’s how much money the Pentagon will be allowed to spend under the administration’s planned 2008 federal budget.

The $2.9 trillion Bush budget defies superlatives. Virtually every government program that addresses human needs is to be cut.

But the military got its largest war chest ever, a staggering two-thirds of a trillion dollars for more war, more nuclear weapons, more militarization of outer space, more U.S. troops around the globe, more bombs, bullets, guns and missiles.

In terms of real, pre-inflation dollars, it’s the highest level of military spending since the height of the Korean War in 1952. It’s a 10 percent hike from last year’s war spending. And this is in addition to $145 billion in “supplemental funding” that will go directly to the wars of aggression in Iraq and Afghanistan.

more at link. :mad:

[whathappened]

1. if we as americans

meaning these sick fucks on the right would just mind there own buiness , we would have no wars

[hfojvt]

2. just a minor quibble

"Most of that debt was raised to pay for past wars. As of 5 a.m., Feb. 6, the total national debt was $8,698,256,057,676.85—almost nine trillion dollars—and growing at the rate of over a billion dollars a day."

These days, most of the debt comes from tax cuts to the rich. From 1955 until 1981 Federal Debt went from 274.4 billion to 994.8 billion, an increase of $720 billion over 26 years. By 1989 it was 2,868 billion, an increase of 1,873 billion in 8 years. Conservatives like to blame that on the fact that spending increased by 95% from 1981 to 1991 but spending increased by 113% in the 1960s and by 202% in the 1970s. The shortfall of the 1980s was from the income tax side. In 1981, 306.63 billion was collected in income tax (in 1982 dollars). That fell, while spending continued to grow with the economy, to 297 in 1982 to 276 in 1983 to 275 in 1984 to 301 in 1985 to 304 in 1986 before it finally passed pre-tax-cut levels in 1987.

Conservative liars will say that revenues grew in the 1980s usually by doing two things - using non-constant dollars, so an inflationary growth masquerades as real growth, and second by combining income tax revenues and payroll tax revenues. Thing is, payroll taxes, which are paid by wage earners below a cap, were increased in the 1980s. That, along with automatic increases in the cap, created most of the increases in revenue.

The same is still true today. Conservative liars blame the deficits on spending, but, according to CBPP the budget would be balanced this year, in spite of Bush's wars, if it was not for Bush's tax cuts. This year! Helped, of course, by the Social Security surplus which Bush would claim is imaginary as he continues to spend it.

[hfojvt]

3. kick

what are Democrats proposing for the budget? Other than axing the permanancy of the tax cuts what is Congress going to propose? Can we generate enough pressure to avoid an odious compromise budget?