Sunday, August 08, 2010

Updated budget insanity

Here is a post I wrote four years ago

From the New York Times

President Bush's budget would increase the federal deficit by $35 billion this year and by more than $1.2 trillion over the next decade, the Congressional Budget Office reported on Friday.

The nonpartisan budget office said that Mr. Bush's tax-cutting proposals would cost about $1.7 trillion over the next 10 years and that his proposals to partly privatize Social Security would cost about $312 billion during that period.
And here's the best part

The optimistic outlook also assumes that Congress freezes or cuts the vast majority of discretionary government programs outside of military and domestic security ones.
See how that works? Run up a huge deficit so that you can sacrifice government programs which help people (worker protection, food safety, education, environmental protections, science research, "community development block grants, low-income housing, child-support enforcement against deadbeat fathers and scores of other programs with support in Congress.") at the altar of the military-industrial complex.
Glenn Greenwald notes some current consequences of such budget madness.

No comments: