Monday, February 07, 2005

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David Corn has a soft spot for the Bush administration. He voices his view of the Budget proposed by the said administration:

"If it's budget time, it must be disinformation time. That's how it goes in the Bush II era. George W. Bush released a budget today that he claims is responsible, honest, and designed to cut the $400 billion-plus deficit in half by 2009. Not so. By now, you probably have heard the obvious criticisms. The budget does not include the $80 billion Bush is asking for the wars in Iraq and Afghanistan. (And that probably won't cover the full tab.) It doesn't account for the $1 trillion to $2 trillion that Bush needs to pay for the private investment accounts he wants to carve out of Social Security. It also doesn't recognize that several hundred billion dollars will disappear from the revenue stream when the government rejiggers the alternative minimum tax--which it must--to prevent this tax (written to apply to corporations that make creative use of loopholes) from hitting middle-class individual tax filers.

There are few secrets about Bush's budgetary shenanigans. While the military gets a hefty boost, housing, education and environmental protection gets hammered. Every advocacy group concerned with federal spending was issuing press releases today. Folks on Capitol Hill were doing the same. Senator Jim Jeffords, the Republican-turned-independent from Vermont, put out a short list of the worst of Bush's proposed cuts. Go here.

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