Forbes: Bush Priorities Will Swell Deficit



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Topic: Politics > Politics-USA
User: "Harry Hope"
Date: 10 Jan 2006 08:49:04 AM
Object: Forbes: Bush Priorities Will Swell Deficit
There are three complementary explanations for this abandonment of
fiscal restraint, namely:
--the growth of 'big government' conservatism
--a belief in tax cuts as the cornerstone of domestic policy
--new demands for spending on the war on terrorism and homeland
security
In the 1994 elections, Republicans seized control of Congress by
promoting traditional conservatism, including smaller government,
lower budgets and reduced public services.
From Forbes, 1/10/06:
http://www.forbes.com/business/2006/01/09/us-deficit-politics-cx_0110oxford_bush.html
Bush Priorities Will Swell Deficit
Oxford Analytica
President George W. Bush on Jan. 7 pressed Congress to extend tax cuts
on dividends and capital gains, but ruled out major reductions in
entitlement programs.
The growth of the federal budget and accompanying deficits are
straining Republican Party unity and undermining the Administration's
ability to respond to emergency needs, such as disaster relief.
_____________________________________________________________
http://www.brillig.com/debt_clock/
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 10 Jan 2006 at 02:46:42 PM GMT is:

$8,221,103,237,522.23
The estimated population of the United States is 298,212,121
so each citizen's share of this debt is $27,567.97.
The National Debt has continued to increase an average of
$2.83 billion per day since September 30, 2005!
Harry
.

User: "A Veteran for Peace"

Title: Re: Forbes: Bush Priorities Will Swell Deficit 10 Jan 2006 12:05:45 PM
In article <pai7s1t1p9rsvqlbbun23st6lhpp563uot@4ax.com>,
Harry Hope <rivrvu@ix.netcom.com> wrote:

There are three complementary explanations for this abandonment of
fiscal restraint, namely:

--the growth of 'big government' conservatism

--a belief in tax cuts as the cornerstone of domestic policy

--new demands for spending on the war on terrorism and homeland
security

In the 1994 elections, Republicans seized control of Congress by
promoting traditional conservatism, including smaller government,
lower budgets and reduced public services.


From Forbes, 1/10/06:
http://www.forbes.com/business/2006/01/09/us-deficit-politics-cx_0110oxford_bu
sh.html

Bush Priorities Will Swell Deficit

Oxford Analytica


President George W. Bush on Jan. 7 pressed Congress to extend tax cuts
on dividends and capital gains, but ruled out major reductions in
entitlement programs.

The growth of the federal budget and accompanying deficits are
straining Republican Party unity and undermining the Administration's
ability to respond to emergency needs, such as disaster relief.

_____________________________________________________________

http://www.brillig.com/debt_clock/

U.S. NATIONAL DEBT CLOCK

The Outstanding Public Debt as of 10 Jan 2006 at 02:46:42 PM GMT is:

$8,221,103,237,522.23

The estimated population of the United States is 298,212,121
so each citizen's share of this debt is $27,567.97.

The National Debt has continued to increase an average of
$2.83 billion per day since September 30, 2005!


Harry

add the costs of the War.
Report: Iraq war costs could top $2 trillion
New study takes into account long-term
costs of healthcare for
wounded soldiers.
By Tom Regan | csmonitor.com
A new study by Columbia University
economist Joseph E. Stiglitz,
who won the Nobel Prize in economics in
2001, and Harvard lecturer
Linda Bilmes concludes that the total
costs of the Iraq war could top
the $2 trillion mark. Reuters reports this
total, which is far above the
US administration's prewar projections,
takes into account the long
term healthcare costs for the 16,000 US
soldiers injured in Iraq so
far.
"Even taking a conservative
approach, we have been
surprised at how large they are,"
the study said,
referring to total war costs. "We
can state, with some
degree of confidence, that they
exceed a trillion
dollars."
The higher $2 trillion amount takes a
'moderate' approach. Both
figures are based on the projection that
US troops will remain in Iraq
until 2010, with steadily decreasing
numbers each year. The
economists also used government data from
past wars, and included
such costs as the rise in the price of
oil, a larger US deficit and
greater global insecurity caused by the
war, the loss to the economy
from injured veterans who cannot
contribute as productively as they
would have done if not injured, and the
increased costs of recruiting
to replenish a military drained by
repeated tours of duty in Iraq. These
are items which are almost never included
by the US government
when determining the cost of the war.
http://www.csmonitor.com/2006/0110/dailyUpdate.html
--
Impeach Bush ! a noble cause
And visit.. alt.impeach.bush
.


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