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  • dems_please_fix_america dems_please_fix_america Feb 4, 2008 12:00 PM Flag

    bushs new tax plan to control the USA financially till 2012 and beyond

    Bush called the document "a good, solid budget," but Democrats, and even a top Republican, attacked the plan for using budgetary gimmicks to project a budget surplus in four years.

    The budget proposal, which shows the government spending $3 trillion in a 12-month period for the first time in history, squeezes most of government outside of national security, and also seeks $196 billion in savings over the next five years in the government's giant health care programs — Medicare for the elderly and Medicaid for the poor.

    Even with those savings, Bush projects that the deficits, which had been declining, will soar to near-record levels, hitting $410 billion this year and $407 billion in 2009. The all-time high deficit in current dollar terms was $413 billion in 2004.

    Democrats called Bush's final spending plan a continuation of this administration's failed policies which wiped out a projected 10-year surplus of $5.6 trillion and replaced it with a record buildup in debt.

    "Today's budget bears all the hallmarks of the Bush legacy — it leads to more deficits, more debt, more tax cuts, more cutbacks in critical services," said House Budget Committee Chairman John Spratt, D-S.C.

    For his last budget, Bush, as a money-saving measure, stopped the practice of providing 3,000 paper copies of the budget to members of Congress and the media, instead posting the entire document online at Democrats joked that Bush cut back on the printed copies because he ran out of red ink.


    Rumor has it the aliens did not stick by their treaty with the USA.

    Thanks Truman and Eisenhower. LOSERS!

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