President Bush unveiled a $3.1 trillion budget that supports sizable increases in military spending and protects his signature tax cuts. The spending 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 Medicare and Medicaid. Even with those savings, Bush projects that the budget deficits in coming years, which had been declining, will soar to near-record levels.Feeding the military industrial complex and protecting the tax cuts for the wealthiest while cutting spending for the poor, the elderly, for healthcare, for a middle class. 351 long days to go.
Monday, February 04, 2008
If a budget is a moral document the last budget of the Bush Administration is obscenely immoral: