President Bush unveiled his FY 2009 budget request today. If enacted, the $3.1 trillion dollar plan would increase the federal deficit beyond $400 billion (up from $162 billion in 2007!). The Bush plan seeks to boost defense, while cutting more than 150 discretionary programs. Since the purpose of government is defending the homeland and not acting as society’s nursemaid, I agree with the budget in principle. However, I just can’t support sinking the United States further into debt. It just doesn’t make sense.
The president claims his proposal will balance the federal budget by 2012. What kind of math is that? A 162% deficit increase will ultimately result in a balanced budget?!? I know sometimes one must spend money to make money, but WTF? I’d love to see the formula that makes that work!
Fortunately, when FY 2009 rolls around on October 1st of this year, Congress will probably pass a continuing resolution to fund the government at current levels until the new president takes office. Hopefully, clearer heads will prevail and Congress will pass a more fiscally responsible budget.
(wishful thinking)
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