Bush Unveils Plan to Restrain Spending

Talon News / GOP USA ^ | Feb. 2, 2004 | Jeff Gannon

[altura]

But now we have flush toilets.

[windchime]

Don't have a clue how I accomplished this.  Computer nimble ......definitely not!

 

Comparison of Bush Budget (FY’04) with Past Budget Averages

	FY’04 Proposal	Post-WWII Average (FY’46 - FY’02)	Clinton Budgets (FY’94 – FY’01)	G.H.W. Bush Budgets (FY’90 - FY’93)	Reagan Budgets (FY’82 - FY’89)
Total Receipts as percent of GDP	17.0%	17.9%	19.4%	17.7%	18.0%
Total outlays as percent of GDP	19.7%	19.5%	19.6%	22.0%	22.3%
Deficit (-)/Surplus as percent of GDP	-2.7%	-1.6%	-0.1%	-4.3%	-4.3%
Annual growth in total receipts (average % change from previous fiscal year, FY96 $)	2.7%	2.9%	4.9%	0.5%	2.5%
Annual growth in total outlays (average % change from previous fiscal year, FY96 $)	2.2%	2.3%	1.5%	1.9%	2.7%
Defense spending as a percent of total outlays	17.5%	35.5%	17.1%	21.7%	26.7%
Non-defense discretionary spending as a percent of total outlays	19.2%	19.4%*	17.6%	16.6%	17.1%
Net interest costs as percent of total outlays	7.9%	10.5%*	13.9%	14.5%	13.2%
Other mandatory spending as a percent of total outlays	55.4%	41.6%*	51.4%	46.2%	42.9%
Debt held by public at end of fiscal year as percent of GDP	36.9%	44.0%	43.0%	46.3%	36.7%
Gross Debt at end of fiscal year as percentof GDP	64.8%	56.2%	63.4%	61.8%	45.4%
* includes only data back to 1962 since the distinction between discretionary and mandatory began only in that year.

[alwaysconservative]

Thank YOU so much for posting this! How informative and how necessary.

[TruthConquers]

bump for later read

[akbaines]

You big whiner. NOT FREE? Compared to what? Heaven?

[prairiebreeze]

You're super!! Thanks

Prairie

[searchandrecovery]

Spending OPM (Other People's Money) is W's new Alcohol Substitute. What a Buzz!

[Hank Rearden]

Interesting to note that non-discretionary spending has risen 23% over the past 4 years, though....

Yeah, but Our Rulers can't do anything about non-discretionary spending. It's non-discretionary. Not their problem. God and the Martians are forcing them to squander that money. Nothing they can do.

Sorry.

[prairiebreeze]

Ridiculous comment.

[WhiteGuy]

Bush Unveils Plan to Restrain Spending....................


You've got to hand it to this guy, what a politician!

Uses his leadership to create the biggest one term spending increase in history, then once the baseline is in place, call for restraint.

As politicians go, this guy has few peers.

[windchime]

"...... this guy has few peers."


You could have begun and ended with that portion of your statement.

Seems to some that:

A President doing ALL aspects of his job = Much to attack

[WOSG]

Kerry's ahead in the polls. Cut Bush slack and let him make the case.

[WOSG]

You neglect to mention we've had a war on and 9/11 happened.

[windchime]

Aren't ALL Presidents required to present a budget proposal? Wonder what the budgets of previous president(s) might have been substitutes for.

[windchime]

You're welcome! Informative, isn't it.

[WOSG]

Thanks for posting this....

This really punctures the balloon that Bush has taken us in some different extreme direction... Govt spending under Bush is smaller than it was under Reagan.

I know this much: The only opportunity we will have to really transform and reduce Government spending will be under a unified Republican administration and Congress.

[windchime]

"I know this much: The only opportunity we will have to really transform and reduce Government spending will be under a unified Republican administration and Congress."

I was just reading your other comments. You are so right in all of them!

[Your Nightmare]

That chart conveniently left off the averages for Bush's budgets.

I'll try to figure them out and post.

And I think as time goes on % of GDP may not be the best way to judge budget spending. The GDP is growing at a faster rate than I would want the Government to.

[Sabertooth]

[The President] said, "One of the things we've shown the American people is we understand how the economy works. The economy doesn't work by growing government; the economy works by growing people's wallets so they can spend, save or invest."

< -snip- >

He began by saying, "One clear signal we need to send to the American people and the markets is we're going to be wise when it comes to the expenditure of the people's money."

Conservatives have been grumbling about the explosive growth in spending by the Bush administration. Their discontent was exacerbated last week when a new estimate for the prescription drug benefit Bush personally lobbied Congress for might cost $535 billion instead of $400 billion

But, but...

Prescription Drug price tag Triples in just Three Years

[Sabertooth]

Spending OPM (Other People's Money) is W's new Alcohol Substitute. What a Buzz!

Cheap shot about the alcohol.

The case against the President's overspending is better off without it.