It's here! The senate vote to pass Dubya Bush's next year's budget of $1.94 trillion is a done deal! But in order to do that required more spending than he had proposed for farm aid, education for the handicapped and defense, all of which I was not against. However, on it's heels is his proposed 10 year, yes count them, 10 years of eking back to the American people "their money", $1.6 trillion, which would rush less that $6 billion in tax relief this year, with details to follow at a later date. Dubya is also calling for his new prescription drug benefit to go into effect, a $153 billion program, which will also take 10 years, yes count them, to come to full bloom! I estimate that more than half of the intended recipients, who are today over sixty-five years old should be dead by that time. But you are not to worry. By that time they will be replaced by an even larger population of over sixty-five year olds, the "baby-boomers".
The GOP is so caught up in Dubya's plans that, after only sixty days in office they are already calling him the 'Great History Maker". With all of this outlay, albeit over a long period, they are also promising to steer $2.3 trillion toward debt reduction! But Dubya's tax cut is so big, so deep and so skewed toward the rich that it will crowd out this possibility, other programs, risk annual federal deficits and erode the Medicare and Social Security trust funds.
His original argument was to cut individual Social Security payments and allow citizens to put that extra money into the then lucrative stock market. Considering that Americans, mainly the small investor, lost over $22 billion in the stock market this past half a year, I venture to ask, "What is this man talking about?" I don't know of one person who was dissatisfied in paying what they were paying. It was for a good cause. To pay off the national debt, leave America debt free to carry out a larger destiny.
EDITOR'S NOTE:
I have to admit that I don't have much to say about Dubya's Administration. I am too busy trying to keep my head above water, what with my stock portfolio dwindling, gas prices soaring, house utility bills escalating by the minute, food prices inflating, etc. As soon as I can breath, I'll set my sights on Dubya again.
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