$3 trillion dollar budget
WASHINGTON — President Bush wants to cut funding for teaching hospitals and freeze medical research in a $3 trillion budget for 2009 that is still likely to generate a record deficit once war costs are tallied up.
The Bush budget to be submitted Monday would cut the budget for the Health and Human Services Department by $2 billion, or 3 percent. By contrast, the Pentagon would get a $35 billion increase to $515 billion for core programs, with war costs additional.
With tax revenues falling as the economy slows — and with the deficit-financed economic stimulus bill adding more than $150 billion in red ink to federal ledgers over 2008-2009 — the White House acknowledges that the budget deficit for this year and next is projected to reach $400 billion or more.
The largest-ever budget deficit, $413 billion, was recorded in 2004. Bush's budget will forecast a deficit for 2009 that's below that, an administration official said. But that assumes costs of $70 billion for the wars in Iraq and Afghanistan, well below the almost $200 billion request for this year.
Even if a Democrat is elected president and begins troop withdrawals, tens of billions of dollars more will be needed, which would bring the deficit well above the $413 billion record.
The SOB is cutting money for health and lying about the amount needed to fund his cluster F%^k in Iraq. What a piece of work.
I dearly hope the Dems grow a back bone this year and tell him to stick his budget up his ass as soon as he figures out a way to remove his head from said orifices.
WASHINGTON — President Bush wants to cut funding for teaching hospitals and freeze medical research in a $3 trillion budget for 2009 that is still likely to generate a record deficit once war costs are tallied up.
The Bush budget to be submitted Monday would cut the budget for the Health and Human Services Department by $2 billion, or 3 percent. By contrast, the Pentagon would get a $35 billion increase to $515 billion for core programs, with war costs additional.
With tax revenues falling as the economy slows — and with the deficit-financed economic stimulus bill adding more than $150 billion in red ink to federal ledgers over 2008-2009 — the White House acknowledges that the budget deficit for this year and next is projected to reach $400 billion or more.
The largest-ever budget deficit, $413 billion, was recorded in 2004. Bush's budget will forecast a deficit for 2009 that's below that, an administration official said. But that assumes costs of $70 billion for the wars in Iraq and Afghanistan, well below the almost $200 billion request for this year.
Even if a Democrat is elected president and begins troop withdrawals, tens of billions of dollars more will be needed, which would bring the deficit well above the $413 billion record.
The SOB is cutting money for health and lying about the amount needed to fund his cluster F%^k in Iraq. What a piece of work.
I dearly hope the Dems grow a back bone this year and tell him to stick his budget up his ass as soon as he figures out a way to remove his head from said orifices.
