bush creates $427 billion deficit, cuts wrong programs to fix it
Let's just make this clear: when Bush took office in 2001, he inherited a surplus. Now, the U.S. budget deficit is sitting at a cool 427 billion dollars. A 9/11-related recession could be partly to blame, but another major problem could be that the war in Iraq alone costs America 4.7 billion dollars per month. Then there were his incredibly expensive tax cuts, which have cost trillions since 2001.
So, the U.S. spends about half of its total budget on the military each year, almost as much as the rest of the world's military spending combined. But when Bush sits down to figure out where to cut money from his budget, where do you think he looks? You guessed it: agriculture and food stamp programs!
So, the U.S. spends about half of its total budget on the military each year, almost as much as the rest of the world's military spending combined. But when Bush sits down to figure out where to cut money from his budget, where do you think he looks? You guessed it: agriculture and food stamp programs!
"President Bush will propose a 2006 budget Monday that, despite record spending of about $2.5 trillion, will call for billions of dollars in cuts that will touch people on food stamps and farmers on price supports, children under Medicaid and adults in public housing."Link to LA Times article quoted above; link, link, link to some references.
