REPOST: Bush Killing US with Emergency Spending - Natl. Debt $8.267 TrillionQuicklink submitted by Amanda Lang Permalink
Become a Fan
|The problem facing Mr. Bush and the Republican-controlled Congress is not the cost of Katrina itself. The problem is that, even before Katrina, Congress and the White House had lost their grip on the budget. In the last few years, huge chunks of the federal budget have been channeled through emergency supplemental bills. Part of that money was for natural disasters, but a much bigger part of it was for the wars in Iraq and Afghanistan and counterterrorism efforts from Uzbekistan to Africa. The budget is also packed with fiscal time bombs - Medicare prescription benefits, tax cuts and health care costs for veterans - that are set to explode in the next few years.|
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.