Monday, February 07, 2005

War spending up; social programs slashed

Here's The latest on those moral values President Bush is supporting. His proposed budget eliminates or reduces funding for programs including:
- Medicaid
- Law enforcement grants to states
- Funding for firefighters
- 48 education programs (including high school programs and state grants for vocational education)
- Safe and Drug-Free School grants
- Education technology state grants
- Even Start literacy program
- Upward Bound programs for inner-city youth
- Grants for land and water conservation
- Health access programs

Importantly, the budget does NOT include funding for operations in Afghanistan or Iraq -- or the billions in additional debt that the president's Social Security plan would incur. When you take those items into account, we're talking about $6.1 trillion in deficit spending over the next decade.

A liberal rant? Don't take my word for it. On "Fox News Sunday" yesterday, Vice President Cheney admitted that the government will need to borrow TRILLIONS of dollars over the next few decades to cover the cost of the administration's proposed personal retirement accounts. Specifically, he acknowledged that they want to borrow $754 billion over the next 10 years -- and trillions more in later decades. "That's right," he said. "Trillions more after that."