A time of debt, deficit and denial

These are the sage words of congressmen Spratt from the Palmetto State and his counterpart in the Senate the distinguished gentleman from North Dakota, whom have the unenviable job of combing through the fiscal budget for 2007.

In fact, the lies of this administration are in full view in this fiscal policy of hidden costs and understated funding.. Just an outline will clear up the irresponsible fiscal management of the Bush administration. First, Sen. Conrad states, that the administration has “absolute(ly failed) to face up to the countries fiscal condition.” As an example of this failure are the erroneous debt numbers. In which, the administration states a debt increase of 120,000,000,000 but in fact by the CBO’s accounts the debt increase will reach 280,000,000,000. The administration leaves out the extending war costs. Conveniently, the administration does not reveal the costs for years after 2006. I guess this is the first timetable for an administration adverse to such time constraints. Moreover, the AMT (alternative minimum tax) is not reconciled in the budget and left to float above all of us like a fiscal specter.

Devastatingly here are the numbers revealed by Conrad and the CBO:

• The debt as of 2001: 5,800,000,000,000
• The debt as of 2006: 8,600,000,000,000
• The debt est. as of 2011: 12, 000,000,000,000 (We will still be in Iraq and Afghanistan)

Thus the debt will have doubled on the Bush watch.

Now on to the deficit!

As it stands now the deficit is 423,000,000,000. This administration has created the five largest deficits in our nation’s history. Tax cuts in this budget are not projected in the future and masked by exclusions and fact dodging, according to Congressman Spratt of SC. On top of welfare for the rich is a list of cuts from programs which contribute to the common welfare, a statement a borrowed from the constitution.

REDUCTIONS:

1. 13,700,000,000 Medicaid

2. 36,000,000,000 Medicare

3. Elimination of 255$ social security death benefit for survivors

(money to bury the dead)

4. 2,100,000,000 in education (no child left behind?)

5. 55% less for firefighters (first responders)

6. No new finding for cops (first responders)

7. Elimination of community block service funding

Compassionate conservative? A culture of life? Fiscally responsible?