There are few surprises in President Bush’s 2005 budget. The main contours follow the same pattern as his past budgets, with more tax cuts oriented toward the wealthy and increased spending on the military and homeland security. The result of this pattern of taxation and spending is large deficits that will prove unsustainable in the not-very-distant future. At first glance,… return to article
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Reader Comments (2)Page 1 of 1 pagesIt is obvious defense spending will take up alot of the GDP, and the wealthy will get a substantial tax cut. But what about the middle and lower income classes? We will be footing the bill for years to come, and if cuts in Social Security payments come about, by retirement age, most of us, who worked all our lives and paid into the system, will be out on the street, without any benefits. We cannot continue this type of budgeting--shoestring and bomb based antics, and survive in this volatile economy of ours.
Posted by jimmy walker on Feb 20, 2004 at 4:05 AM Why do you call it the Bush budget? He’s just the figurehead. I wouldn’t ask that guy to pack a lunch, never mind oversee the financial running of a 280million-strong sweatshop.
Posted by Owen on Feb 21, 2004 at 11:45 AM Page 1 of 1 pages -
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