BUSH WANTS TRILLIONS FOR WAR

Image by Bendib.. from Muslim Observer
Edged on by Israel to expand military operations to Iran…. Bush is now proposing a military budget of almost three TRILLION dollars…. This after the nation obviously rejected his policies by electing Democrats to Congress, this just one week after hundreds of thousands marched in front of his home demanding an end to the war.. If this budget is approved by Congress then it will become a known fact that there is no difference between the two major parties.
Hopefully I will be proven wrong. This AP report was just issued…..

Bush submits $2.9 trillion budget to Congress
Story Highlights
• Bush plan forecasts eliminating deficit in five years
• Plan would make president’s first-term tax cuts permanent
• Democrats highly critical of Bush’s budget proposals

WASHINGTON (AP) — President Bush sent a $2.9 trillion spending plan to a Democratic-controlled Congress on Monday, proposing a big increase in military spending.

While the budget includes billions more to fight the war in Iraq, the rest of government would be squeezed to meet Bush’s goal of eliminating the deficit in five years.

Bush’s spending plan would make his first-term tax cuts permanent, at a cost of $1.6 trillion over 10 years.He is seeking $78 billion in savings in the government’s big health care programs — Medicare and Medicaid — over the next five years.

Release of the budget in four massive volumes kicks off months of debate in which Democrats, now in control of both the House and Senate for the first time in Bush’s presidency, made clear that they have significantly different views on spending and taxes.

“The president’s budget is filled with debt and deception, disconnected from reality and continues to move America in the wrong direction,” said Senate Budget Committee Chairman Kent Conrad, D-North Dakota.

House Budget Committee Chairman John Spratt, D-South Carolina, said, “I doubt that Democrats will support this budget, and frankly, I will be surprised if Republicans rally around it either.”

Sen. Judd Gregg of New Hampshire, the top Republican on the Senate Budget Committee, agreed with the bleak assessment of Bush’s prospects of getting Congress to approve his budget as proposed.

“Unfortunately, I don’t think it has got a whole lot of legs,” Gregg said, contending there is a wide gulf between the two parties. “The White House is afraid of taxes and the Democrats are afraid of controlling spending,” Gregg said.

The president insisted that he had made the right choices to keep the nation secure from terrorist threats and the economy growing.

“I strongly believe Congress needs to listen to a budget which says no tax increase and a budget, because of fiscal discipline, that can be balanced in five years,” Bush told reporters after meeting with his Cabinet.

Just as Iraq has come to dominate Bush’s presidency, military spending was a major element in the president’s new spending request.

Bush was seeking a Pentagon budget of $624.6 billion for 2008, more than one-fifth of the total budget, up from $600.3 billion in 2007.

For the first time, the Pentagon included details for the upcoming budget year on how much the Iraq war would cost — an estimated $141.7 billion for fighting in Iraq and Afghanistan, as well as the cost of repairing and replacing equipment lost in combat. But White House spokesman Tony Fratto cautioned that the 2008 projection was likely to change. “We’re not saying the number for ’08 is the final number,” Fratto said. “We don’t know that right now.”

Bush projected a deficit in the current year of $244 billion, just slightly lower than last year’s $248 billion imbalance. For 2008, the budget year that begins next October 1, Bush sees another slight decline in the deficit to $239 billion with further steady improvement over the next three years until the budget records a surplus of $61 billion in 2012, three years after Bush has left office.

Democrats, however, challenged those projections, contending that Bush only achieves a surplus by leaving out the billions of dollars Congress is expected to spend to keep the alternative minimum tax from ensnaring millions of middle-class taxpayers. His budget includes an AMT fix only for 2008.

Bush projects government spending in 2008 of $2.90 trillion, a 4.9 percent increase from the $2.78 trillion in outlays the administration is projecting for this year. However, the administration notes that the 2007 total is only an estimate, given that Congress is still working to complete a massive omnibus spending bill to cover most agencies for the rest of this fiscal year.

4 Comments

  1. I love Munich said,

    February 5, 2007 at 22:57

    This number is MINDBOGGLING!!
    Maybe I am missing something here but .. WHO THE HELL should pay all that? Isn’t that clear to these people that the coming four to five generations are doomed to only pay-pay-pay? One needs to imagine these amounts someone will have to come up with … 2.9 TRILLION dollars
    (2,900,000,000,000) … THAT IS INSANE!!!!!!!!!

  2. DesertPeace said,

    February 5, 2007 at 23:03

    Hi Karin… good to see you.
    Of course it’s insane… just look who is proposing it.

  3. latour said,

    February 5, 2007 at 23:51

    The sheer scale of this budget is mindboggling, as are the priorities of the administration responsible for it. This article mentions nothing about ensuring that working people don’t have to go without healthcare because they can’t pay for it on $7 or whatever minimum wage is in the US. It is because it is not a priority. Killing other people seems to be a bigger priority than helping them. Furthermore, the plans to make Bush’s tax cuts are concerning, because it leaves me wondering where the money is coming from. Actually, it doesn’t. I know the money is coming from shifting the tax burden from the rich to the poor.

    Bascially, this budget is just a continuation of Bush’s two idiotic wars: The war on terror and the war on the masses. Sadly, it seems as though the second can not be ended until capitalism is done away with.

  4. DesertPeace said,

    February 6, 2007 at 07:58

    An integral part of Capitalism is war… so doing aay with war will surely mean a doing away of capitalism.


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