Monday, March 07, 2005

Bush's Budget= $200 Billion Deficit Each Year for Next 10 Yrs

Wow, and get this, the nonpartisan group that analyzed Bush's budget, the Congressional Budget Office, said that "Bush's plans for spending and taxes would yield deficits through the decade ending 2015 totaling $2.58 trillion" (keep in mind that Bush's budget DOES NOT include the costs for the war in Iraq) and that his proposed budget's decifits are "$1.6 trillion worse than they would be if none of the president's fiscal plans become law". And speaking of deficits, check out Warren Buffet's take on the US's ENORMOUS trade deficit. One simple phrase sums up his analysis: The US will become a Sharecropper Society instead of an Ownership Society. Great, and if the Bankruptcy bill passes, the blood thirsty credit card and mortgage companies, and medical providers will become the "massah" to all of us sharecroppers.
Posted by Tina :: 12:15 AM :: 0 Comments:

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