From the
Christian Science MonitorOverall, it would be next to impossible to offset $200 billion in Katrina costs in one year's budget, says Mr. Collender. Federal spending is $2.6 trillion a year - but take away Social Security and other entitlements, debt interest, defense spending, and supplemental war appropriations, and only about $500 billion remains. Finding $200 billion in savings would require almost a 50 percent cut in this remaining portion - which includes food safety programs, National Park Service salaries, and salaries for White House staff.
From
YahooThe Senate voted Friday to give President Bush $50 billion more for the wars in Iraq and Afghanistan and U.S. military efforts against terrorism, money that would push total spending for the operations beyond $350 billion.
In a 97-0 vote, the GOP-controlled Senate signed off on the money as part of a $445 billion military spending bill for the budget year that began Oct. 1.
In related news, the White House revealed plans to create trees which grow money.
4 comments:
Well, Bush once called US Treasury Bonds "worthless I.O.U.s", so perhaps with that kind of economic sense he'll just print more money.
Bush might make a good economic advisor in Zimbabwe.
Maybe with the money we are spending in Iraq Bush plans to rebuild New Orleans on the outskirts of Basra
Turning our country into a banana republic makes the right wing happy....
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