Friday, October 07, 2005

Mo' money, mo' problems...

From the Christian Science Monitor

Overall, 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 Yahoo

The 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:

John Lombard said...

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.

Hume's Ghost said...

Bush might make a good economic advisor in Zimbabwe.

gawker said...

Maybe with the money we are spending in Iraq Bush plans to rebuild New Orleans on the outskirts of Basra

HM2 Viking said...

Turning our country into a banana republic makes the right wing happy....