Deficit Spending Anyone?
This just in from the Wall Street Journal News Alert service.
The White House unveiled its budget proposal for fiscal 2007, which starts in October, calling for $2.77 trillion in spending. Though the U.S. government will remain deeply in the red next year, the federal budget deficit should dip to $354 billion, a decline from the current year’s projected record $423 billion shortfall.
Only negative $354 billion this year? Respectfully Mr. President - you’re a Republican. Can’t you figure out how to run up a bigger deficit than that? Gotta go – five more minutes left to pack.
The best part of this budget is that he actually cuts just about all domestic spending including educational loans, deep cuts in medicare and other programs, while drastically increasing the defense budget and anti-terrorist spending. How long are people going to put up with this?