Posted on 06/15/2007 7:59:25 AM PDT by gpapa
After increasing the national debt by more than $3.2 trillion over the previous six years, President Bush submitted a fiscal 2008 budget totaling $2.9 trillion, which represents a trillion-dollar-plus increase (56 percent) over the spending level ($1.86 trillion) he inherited from the 2001 budget. Mr. Bush's five-year budget blueprint would add nearly $600 billion to the national debt in 2008 alone and another $1.9 trillion over the next four years. To keep the debt from soaring even higher, the president had to rely on numerous delusional assumptions. These included the absurd notions that his global war on terror would cost $50 billion in 2009 (and zero thereafter) and that he, his successor and Congress will be hitting tens of millions of middle- and upper-middle-class families with the alternative minimum tax over the next five years.
(Excerpt) Read more at washtimes.com ...
Guess the Washington Times slept thru their Civic class.
Congress, not the President, spends the money.
But that right, it not about the facts, it just about the Whiny Right finding the latest excuse to go into hysterics at their own side.
Sure be nice if ONE time the Right might take on the Political Left on ANYTHING.
I used to believe that. But after the last 7 years I have come to the conclusion that the Republicans are no better when if comes to spending taxpayer money.
Bush is NO "conservative".
Queen Sow... Hillary.
Federal deficit sharply lower
Guess the simply choice to ignore these facts too. Seems contrary to their Chicken Little predictions, the world is not ending.
You aren't too brite on economics either are you Bot-boy? What happens to those deficits when the economy cycles back around?
Also, those numbers don't take into account all of Bush's unfunded liabilities like his "drugs for geezers" program.
They don't bother to do their research because it doesn't suit their agenda. It's not just them...it's been happening here on FR lately, people are in a frenzy, eating their own and refusing to listen to reason or facts. I have never in my FR life seen so many highjacked and spammed threads and blatent disrespect for the President. It's gotten to the point where I don't even want to be on this forum anymore.
Who says we have to follow some kind of formula down the road to hell. The Congress and President need to be shaken up right now. They are not doing the people’s will. In case you have forgotten, Americans are suppose to be free in their thinking and speech.
Also, you don’t have to always study what you call the facts(sometimes they ain’t the real and true facts) It just takes a little common sense to figure it out.
I thought this was going to be a discussion of Bikers.
It might be a good idea to elect bikers to Congress, at least those of us the believe in freedom, personal choice and responsibility.
Also, if ALL Congressmen were bikers, they’d rather be out ridin’, than passin’ more stupid laws.
Sharply lower than what? The deficit that the President inherited? That, at least in the funny-money federal book keeping world, was actually a surplus. Since then federal spending has exceeded federal income. On a dollar basis the federal government has never, ever taken in more money than it does today, and it still spends more than it takes in. Will it take in even more next year? I have no idea. But the one thing I am sure of is that next year and the year after spending will keep increasing. Because neither the president or the Republicans in Congress are willing to do anything to halt it.
Not really. They initiate. The POTUS has to sign it.
Actually, the Congress appropriates the money, and the President -- the Chief Executive -- spends the money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.