Despite the big press conference announcing the fact that the record federal deficit will be cut, President George Bush’s proposed budget cuts do nothing of the sort.
Although programs will be cut entirely or severely gashed, the deficit overall will not be cut because Bush failed to note that the ‘cuts’ in the deficit did not include the cost that the war in Iraq, as well as the cost of privatizing Social Security, would do in increasing the deficit.
The proposed cuts that Bush proposed essentially only cuts funds from programs like Medicaid, education programs and oil and gas research for no reason whatsoever. This has many Republicans in the House nervous. Even Speaker of the House Dennis Hastert acknowledges that much more needs to be done than these proposed cuts in the deficit. Although this may be surprising to some people that the deficit continues to increase, for people who have followed the economic policies of this president, it is, as Yogi Berra said, ‘d
Privacy Disclaimer: After submitting content for publication the New University, in print or online, contributors relinquish the right to remove or alter contributions as they appear in publication. Contributors also give their ownership rights to the New University.
Site Usage and Copyright: All articles, staff photos and other content on our website are copyrighted by the New University. By viewing our website, you agree not to reproduce or republish our content without express written permission.