"A fiscally profligate government cannot help but sabotage the growth prospects of the nation."
John Hussman
The one-year budget deficit will be so large in the next fiscal year that if the government stopped funding everything except defense, homeland security and entitlement programs such as Social Security, Medicare and Medicaid, the nation would still be $75 billion in the red.
WaPo's Talking Points
For President Bush, the budget sent to Congress last week outlines a painful path to meeting his promise to bring down the federal budget deficit by the time he leaves office in 2009. But for the senators and governors already jockeying to succeed him, the numbers released in recent days add up to a budgetary landmine that could blow up just as the next president moves into the Oval Office.
After Bush Leaves Office, His Budget's Costs Balloon
Bush to Request $82B for Military Operations
4 comments:
This stuff baffles me... how can such excesses be tolerated, or treated as excesses by some or most people but actually accepted by some.
We KNOW the GOP has taken a long term strategy, now in place over 30 years... could that be an extension, to willingly expect to lose to the democrats in 2008 but hand them a bomb, which 4 years later puts the country into the hands of the gop again? The Nazi's destroyed the German's economy intentionally. Surely there are people in the party that would act as strongly. Shit, we KNOW there are many in government who believe that Jesus IS coming, and who real loyalty is to a notion of Jesus as real: what kind of person accepts "intelligent design", creationism,over what is so incredibly deeply scientifically established, our means of reproduction and change.
social security is funded and does not even belong in that list.
there is a bloated and irresponsible medicaid program in place, there is debt service, and then there is a large area better called war services: homeland security and defense department. "entitlement programs" is a red herring. The issue is irresponsibly framed.
Debt service and war... and that's just the direct stuff. then there are the trade deals and set asides to bribe others to our side...
hussman has some real content
framing the issues: this
this: increase individual and corporate income tax revenue by 22 percent, Vs
this: roll back the tax cuts.
The tax cuts were and are bullshit and this country put the man back in office. So, tell me again about the wonders of democracy?
A democracy can commit suicide. Why not?
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