Friday, May 19, 2006

This Is A Budget?

My Way News - House Passes $2.8 Trillion Budget Plan:
Majority Leader John Boehner, R-Ohio, said the GOP budget blueprint 'strengthens our efforts to control spending and, coupled with a robust economy fueled by tax relief, is making real progress in driving down the deficit.'

Democrats countered that the House GOP plan calls for a $653 billion increase in the national debt to $9.6 trillion and that the deficits produced by the plan are likely to be far larger than the $1.1 trillion that Republicans assume will accumulate under the measure if its policies are followed.

That's because the measure doesn't take into account the long-term costs of the war in Iraq or of shielding middle-to-upper income taxpayers from the alternative minimum tax. And many of the long-term spending cuts assumed by the GOP plan are politically unsustainable since they come from already squeezed domestic agency budgets.

'This budget resolution is a continuation of the most reckless fiscal policies in the history of our nation, policies that have squandered a $5.6 trillion budget surplus, added more than $3 trillion to the national debt, and weakened our ability to respond to national and international crises,' House Minority Whip Steny Hoyer, D-Md., said.

Republicans voted down a Democratic alternative that contained more funding for popular domestic programs such as education, veterans health care and health research while balancing the budget by 2012 - but only by allowing hundreds of billions of dollars in GOP-passed tax cuts to expire.
The Reps can't stomach robbing from the rich to feed the poor. That would be anti-American anti-Conservative! After all, we're at war ya' know!
This year's budget plan, developed by the House Budget Committee and House GOP leaders, reflects election-year realities and drops Bush's proposed cuts to Medicare, Medicaid, crop subsidies and other politically sensitive programs.

The plan endorses Bush's proposed 7 percent increase in the core defense budget - which doesn't include Iraq war costs - for next year.

The Republican plan also assumes just $50 billion for the wars in Afghanistan and Iraq, less than half of expected spending for the current year.
Oh, well, hey, we'll just have to make that up later, you know, when we're dead and buried. In the meantime, it's an election year and we have to keep those constituents happy!
While the House GOP plan drops $65 billion in benefit cuts over five years proposed by Bush's budget, it goes further than Bush in attacking appropriated spending, the approximately one-third of the budget passed by Congress each year.

It would cut federal spending on education by more than $5 billion, about 7 percent. And after allowing for an increase next year, it would cut the politically sensitive budget for veterans medical care below current levels through the rest of the decade.
Now I get it! We'll just make sure the future generations are even stupider than we are! Wow, didn't see that one coming! And that head fake on vet's medical care, with first an increase and then an even greater decrease; genius! That's almost as good as blurring the true costs of the totally unneccessary war in Iraq! Isn't neo-con wingnut politics wonderful?!

Schmucks! May your limo break down in the middle of Crack Alley on your way to your latest fund raiser!
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