|02-05-2007, 11:00 AM||#1|
It is what it Is.
Join Date: Apr 2001
Location: in a bunker
Bush's spending plan could could cause severe damage to the us economy by 2012
Iraq war, health-care limits gain in Bush budget
President’s $2.9 trillion spending measure goes to Congress on Monday
“This budget is plunging us toward a cliff that will take us right into a chasm of debt,” Senate Budget Committee Chairman Kent Conrad, D-N.D., said in an interview Sunday.
“In real terms, Bush’s plan is going to have very substantial cuts by the fifth year of this budget in all of the domestic priorities from education and health care to law enforcement and veterans,” Conrad said. “With Democrats in control, we will have different priorities.”
“It just gives you sticker shock. Every time you turn around it’s another $100 billion,” Senate Budget Committee Chairman Kent Conrad, D-N.D., said of Bush’s war spending.
All-time federal deficit
The federal deficit hit an all-time high under Bush of $413 billion in 2004. It has been declining since that time and the 2008 budget projects it will continue to decline and show a surplus in 2012, three years after Bush leaves office.
To accomplish those reductions, Bush would allow only modest growth in the government programs outside of defense and homeland security. He is proposing eliminations or sharp reductions in 141 government programs, for a savings over five years of $12 billion, although Congress has rejected many of the same proposals over the past two years.
Bush also will seek to trim spending on farm subsidies by $18 billion over five years, mainly by reducing payments to wealthier farmers, an effort certain to spark resistance among farm state lawmakers.
Bush’s budget would achieve nearly $100 billion in savings over five years by trimming increases in Medicare, the health insurance program for 43 million retirees and disabled, and Medicaid which provides health care to the poor.
Trims proposed in Medicare spending
The restraints in Medicare spending would total $66 billion over five years while the savings in Medicaid would total $12.7 billion. Most of the Medicare savings would come in slowing the growth of payments to hospitals and other health care providers. But $11.5 billion in savings would come from boosting insurance premiums paid by the wealthiest Medicare recipients, those making more than $80,000 annually for individuals and $160,000 for married couples.
More people would be forced to pay the higher monthly premiums because the administration would stop indexing the income levels for inflation. Bush also wants to make high-income Medicare recipients pay more for their drug coverage as well as the higher premium they are now paying on the insurance for doctors’ visits.
These proposals are certain to generate stiff opposition in Congress, which refused to go along with smaller Medicare reductions Bush proposed last year. The administration argues that it is seeking to slow the average annual increases in Medicare over the next 10 years to 6.7 percent instead of current projections of 7.4 percent.
|02-05-2007, 06:46 PM||#3|
Join Date: Jul 2006
I love Bush "were gonna provide taxcuts to those who dont need them(the poor) to try and give them health insurance" ....cuts medicaid, cuts medicare... His Health plan amounts to putting a band aid on cancer and then poking them with aids while there not looking.
Seriouslly Dems the balls in your court. quite Bithcin and do something about this. They need to think ahead on this one I can already see the Repub Ads coming in 2008.
*Depressing music plays*
"Last year (candidate X) voted against sending our troops much needed aid in the war in Iraq, leaving them stranded without vital equipment or medical help [cue image of brave wounded soldier]"
"(candidate X) Voted against the President's tax cuts - (candidate X) cares more about big government than about you [cue scary picture of democrat shaking hands with fat person in suit, then single mother with cute, sad children]."
"(candidate X) shot down desperately needed improvements to our country's health care and social security systems [image: worried old person] that would have saved Americans $78 billion dollars."
Seriouslly Dems go on the offensive and nip this **** in the bud now. Or else your gonna get a bunch of middle-class and poor people thinking that the Republicans are actually trying to help them..again... This is the same thing Repubs have been pulling on you for who knows how long now, the dems need to recognize it and start the offensive now before they screw it up again.