Thursday, June 03, 2004

NYTimes Takes on Bush's Planned Program Cuts

The NYTimes has an editorial which hits Bush on his cuts in popular federal programs in 2006, after the election. The also point out that Bush has submitted legislation which includes spending caps, which would further reduce these programs every year through at least 2009.

ooooh: The Bush "Kill the Veterans" plan: after a $380M cut in Veterans' health care in 2005, another $1.5B cut in 2006!

The total of these cuts will be $21B in 2006, and $45B in 2009 -- making these social services the smallest fraction of GDB since 1963. More importantly, it only amounts to 5% of the budget shortfalls of the past 2 years -- not at all making up for the deficit spending Bush has pushed.

The best statistic: the Bush tax cut for the wealthy accounts for 17x the amount of swing from surplus to deficit than increases in discretionary spending. In other words: the budget deficit is a giveaway to the wealthiest tax payers, and soon that give-away will be giving away the little we spend on Widows and Orphans.

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