President George W Bush presented his last budget to the nation. This is President Bush’s signature budget with the chunk of the spending being earmarked for the military in carrying out the President’s pet campaign against terrorism. The $3.1 trillion budget has not offered the ailing US economy anything special to regain its health.
The budget has emphasized more on saving with increased spending in the military sector and more tax cuts and the obvious outcome of deficit spending – more debt. The severe curtailing in government spending in health care programs will leave less money for the Medicare programs for the elderly and the Medicaid for the poor. With high premium extracted by insurance companies in the private sector, the elderly and the impoverished Americans depend on the government for health coverage.
While President Bush is concerned about the well-being of the people in terrorist afflicted terrains of the world, he seems to be less concerned about the ailing and impoverished citizens of his own country. After all, this is Bush’s last term as the President of USA and so populist policies are not his concern.
In trying to salvage the sinking economy, he has resorted to tax cuts. The President’s critics in the Democratic Party say that his tax cut measures will benefit only the rich Americans. President Bush, who is gifting deficit budgets to the country has projected that his policies will take the economy to the path of a balanced budget by 2012. An ambitious aspiration no doubt, given the $410 billion deficit in the current year and $407 billion deficit projected for 2009. The obvious question that arises is where is the administration’s spending arising out of this budget deficit going?
In his effort of saving government’s money Bush wanted to save those costly papers used to print the budget proposals and has instead posted his entire budget document online. At least the US administration will not be required to borrow from foreign nations in printing paper copies of the budget.
Source: ABC News
Comments
good for him :-D
Hopefully, America has made wise decisions. I hope the American people really thought about the issues in play before casting their vote last November 4. It’s sad that the reality of how much people think about their political choices is less than studied. Some of us put more thought into whether to take out a short-term installment loans than what the issues are. Listen to this brief audio snippet for instance. It‘s a recent episode of “The Howard Stern Show,” posted courtesy of BPM Deejays of Pittsburgh, Pennsylvania. Roving Reporter Sal roamed the streets of Harlem, New York to get the opinions of men and women, to see whether they supported Barack Obama or John McCain for President. In actual fact, this was to determine whether African-Americans would automatically vote for Barack Obama simply because he’s black. Sal reverses the candidates’ positions on issues like the pro-life argument, stem cell research, and the war in Iraq and who Sarah Palin is. Shockingly, many of the responses were brainless. Sal gets people to admit that they support Obama despite what policies he represented. This discussion has exposed something truly depressing. The truth is that many people are uninformed as to the issues. Many people try to play a part of popular opinions.
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I am so glad Bush is finally out of the White House. He destroyed our economy.