Bush gave his 2008 spending agenda to Congress. It's dead on arrival. Congress must down start the process of setting spending levels for that year. According to Bush he wants to spend $2.9 trillion. This would be a 4.2 percent increase over 2007 spending.
Bush would have a $61 billion surplus by 2012. The last surplus was in 2001. Which Bush and The Republican Congress squandered into a national debt of $9 trillion in the next ten years. Red ink that working class tax payers must pay.
Of course Bush wants to keep the $1.6 trillion in tax cuts over 10 years for the wealthy.
Bush wants to spend $93.4 billion in 2007 in Iraq and Afghanistan occupations. Plus another $141.7 billion in 2008. Congress has already enacted $426.8 billion for the two occupations.
For Medical care for Veterans Bush wants $36.6 billion. Up 83 percent over 2001.
Where will he get the Money? Medicare, cut $66 billion. Bush wants to reduce payments to Health care providers and force wealthy beneficiaries higher premiums.
Medicaid, the health care for the poor. Cuts $25 billion over 5 years.
The current deficit spending will remain $239 billion in 2008.
Eliminates or sharply reduces 141 Federal programs over 5 years. In order to save $12 billion.
I thank God Democrat Sherrod Brown beat the Republican Mike DeWine in Ohio.
Sherrod Brown said, "Bush wants to make permanent tax giveaways for the nations richest one percent, it's immoral. To give $150,000 to a multimillionaire while a full time worker struggles to subsist on food stamps in America."
2007-02-06
03:05:39
·
4 answers
·
asked by
jl_jack09
6
in
Politics & Government
➔ Politics
Tax payers spend $20 billion per year on farm subsidies. Is this welfare? I say yes. Bush wants to save $18 billion over 5 years. Bush also drops farm subsidies (welfare) for those making over $200,000 per year. In the last 5 years total taxes went up not down for all middle class tax payers. The Repubs. like to lie and say they went down.
2007-02-06
11:38:42 ·
update #1