the Sugar Conspiracy

Thursday, September 04, 2003

Mix-n-match

Let's take a couple of stories that were in the news today and put them together just to see what happens:

The White House has informed congressional leaders that it is preparing a new budget request for between $60 billion and $70 billion to help cover the mounting costs of the reconstruction and military occupation of Iraq, sources on Capitol Hill said last night.

The planned request -- which congressional budget analysts said will be nearly double what Congress expected -- reflects the deepening cost of the five-month-old U.S. occupation and serves as an acknowledgement by the administration that it vastly underestimated the price tag of restoring order in Iraq and rebuilding its infrastructure. (emphasis added)

Wow. Nearly DOUBLE what Congress expected. Sounds like the Bush administration needs a lot of money to pay for this whole Iraq mess. Now what would be the most fiscally prudent way to pay for something like that?

Undaunted by predictions that federal deficits might balloon in the next decade, President Bush said today that permanent tax cuts were the best way to reinvigorate the economy and keep it going. . .

The president has previously called for the "temporary" tax cuts to be made permanent. His reiteration of that stance today made it abundantly clear that he and his advisers were not discouraged by a recent report from the nonpartisan Congressional Budget Office that deficits over the next 10 years could soar to several trillion dollars, depending on what happened in Iraq and whether prescription-drug benefits under Medicare were enacted. (emphasis added again)

Kinda makes you think, don't it?

posted by chris at 7:03 PM
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