Thursday, July 31, 2008

what a dirtbag

The President’s policies of spending restraint have held down the growth in spending in the face of significant fiscal pressures on the Government over the past seven and a half years as a result of the September 11th terrorist attacks, the ensuing Global War on Terror, Hurricane Katrina, and increasing entitlement costs. These challenges came on top of significant underfunding in national security, an inherited recession, and an economy built on a high-tech bubble. The President’s tax relief and other pro-growth policies worked to strengthen the economy, and the resulting revenue growth helped drive down the deficit substantially over the last three years...

Despite myriad fiscal pressures, the President is committed to policies that restrain Federal spending and balance the budget by 2012 (by which time it will be somebody else's problem. Suckers! Ed.).

-- Federal budget Mid-Session Review, which (you would never know it from reading this) gives a low-ball estimate (lie) of a record $482 beeelllion deficit for FY09.

Or, to put it another way: "Bush... is determined to insist, on his way out the door, that the tax cuts he once said were required by the surplus he inherited are now required by the deficit he is creating."

1 comment:

Brain Dead Bob said...

AMERICA is better of for halving had Gorge W. Busch as president for the last ate yurs. If it had been Al Goar we'd all be talking Tarrist.