2008 Budget Fight Begins

September 23, 2007 at 12:26 am | Posted in economy, politics, Uncategorized | Leave a comment

The president has threatened to veto 10 of the 11 appropriations bills that have passed the House, as well as legislation expanding a popular children’s health care program. On Monday, he will step up the fight with a speech accusing Democrats of fiscal irresponsibility. … Democrats, whom Mr. Bush accuses of “working to bring back the failed tax-and-spend policies of the past,” now run Congress.

While there may be explanations for higher spending, including the cost of the wars in Iraq and Afghanistan, Brian M. Reidl of Heritage says the federal budget has nonetheless grown at a rate of 7 percent a year under Mr. Bush, about twice the 3.5 percent rate under Bill Clinton.

even so-called nonmilitary discretionary spending — the portion of the budget that a president can rein in, because it does not go to entitlement programs like Medicare and Medicaid — has grown faster under Mr. Bush than Mr. Clinton.

Democrats have simply been more straightforward about their plans to spend the taxpayers’ money. They also have been willing to consider tax increases to cover them. By contrast, Mr. Reidl added, Republicans drove up spending through “loopholes and gimmicks” like tucking extra money into emergency spending bills.

New York Times

by Julian E. Barnes, Los Angeles Times Staff Writer
September 22, 2007 WASHINGTON — — After smothering efforts by war critics in Congress to drastically cut U.S. troop levels in Iraq, President Bush plans to ask lawmakers next week to approve another massive spending measure — totaling nearly $200 billion — to fund the war through next year, Pentagon officials said.The new spending request is likely to push the cumulative cost of the war in Iraq alone through 2008 past the $600-billion mark — more than the Korean War and nearly as much as the Vietnam War, based on estimates by government budget officials.

la times article


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