Originally published January 30 2004
President Bush seems determined to spend his way to reelection while
taxpayers foot the bill
by Mike Adams, the Health Ranger, NaturalNews Editor
President Bush seems determined to spend his way to whatever degree of
popularity is necessary to get reelected in November. The prescription
drug benefit giveaway -- largely seen as a bribe to elderly voters --
will now cost far more than original estimates, says Bush administration
officials. It's not the $400 billion as previously promised, but now
$400 billion plus another 33% or so. But it's all beside the point
in the long run, since the annual budget deficit is now exceeding half a
trillion dollars! No Democrat ever sent the federal government into such
a downward spiral of debt: it's a Republican (who used to promise they
stood for smaller government) that has ballooned the deficit to
historical proportions.
It's easy for President Bush to hand out
money to everyone who might vote, of course, since it isn't his money to
begin with. It's taxpayer money. Or, more accurately, it's future
taxpayers' money because this debt is going to take many generations
to pay off if we can even make it that far. Chances are, however, that
this out-of-control government spending is going to result in a global
economic crisis well before anybody comes to their senses long enough to
start actually paying it off. This degree of national debt is very
difficult to reverse.
WASHINGTON (AP) - President Bush's new budget will project that the
just-enacted prescription drug program and Medicare overhaul will cost
one-third more than previously estimated and will predict a deficit
exceeding $500 billion for this year, congressional aides said Thursday.
Bush will submit on Monday a federal budget for the fiscal year 2005,
which starts next Oct. 1.
While it was moving through Congress, Bush, White House officials and
congressional Republican leaders had assured doubting conservatives that
the bill's costs would stay within the $400 billion estimate.
Some conservatives voted against the legislation anyway, and many of
them are already angry that Bush has presided over excessive increases
in spending and budget deficits.
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