Tuesday, February 08, 2005

A Breathtaking Budget

from the washingtonpost.com:

Exhibit "A" for the case that "reality" and "conservative" have become antonyms:

To meet its claimed target of cutting the deficit in half by 2009, the new budget omits the cost of the war in Iraq; the cost of the president's proposed private accounts for Social Security; and the cost of correcting the alternative minimum tax, which is hitting growing numbers of middle-class taxpayers rather than the rich it is intended for.

To make its already unaffordable tax cuts permanent, the administration wants to change the budget-scoring rules so that the cuts show up on the score card as cost-free. In fact, making them permanent would cost $1.1 trillion over the next 10 years. To obscure the real-world consequences of its unrealistic spending caps for discretionary programs, the administration has neatly avoided the inconvenience of specifying where, in future years, the necessary cuts would be made. It eliminated the traditional tables from the budget documents showing what spending would be in those programs beyond next year.

Can someone explain to me how this is diferent from me leaving my mortgage, car payments and credit card bills out of my personal budget?


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