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February 09, 2005
Bush's Budget
There are some things to like about the Bush budget proposal. There’s $3.2 billion to treat AIDS around the world. It’s not as much as he had promised in 2003. But it’s something.
Thre’s $2 billion to build health clinics in poor neighborhoods. There’s increased funding the FBI, though its arguable whether that money can help an agency badly in need of house-cleaning.
But there’s no money — zero dollars — budgeted to fight wars in Afghanistan and Iraq. There is no money to implement Bush’s plan for private savings accounts in Social Security, though most estimates put that cost at at least $80 billion in the next five years.
Cuts in the EPA, education funding and Medicaid that are puzzling, while there’s an increase at NASA. Bizarre.
The most outrageous part of this budget is the $53 billion to cut taxes forever for the top 1% in income. There is another $23 billion in tax cuts budgeted over the next five years.
In the face of a $427 billion budget deficit, with no money budgeted for the war in Iraq and Social Security changes, the irresponsibility of tax cuts is breath-taking.
Posted Feb 9 2005 @ 06:12 AM
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