Wednesday, February 14, 2007

Bush's "Balanced" Budget

Bush sent Congress a $2.9 trillion budget for 2008 that includes a large increase in defense spending and cuts in domestic programs.The goal, according to the White House, is to balance the federal budget by 2012 without raising taxes.

From an editorial in the Washington Post, "Bush's balance is more illusory than real," based on assumptions about future revenues that nonpartisan analysts consider laughable. Worse, Bush grasps for this balance by targeting the poor and elderly "while extending tax cuts for the millionaires."

He plans cuts to Medicare and Medicaid.

I don't think the Democratic controlled Congress will play along like the GOP sheep did in the past.