8/06/2003 04:38:00 PM | Timothy Cato Institute Slams Bush (via dailykos) The Bush administration's newly released budget projections reveal an anticipated budget deficit of $450 billion for the current fiscal year, up another $151 billion since February. Supporters and critics of the administration are tripping over themselves to blame the deficit on tax cuts, the war, and a slow economy. But the fact is we have mounting deficits because George W. Bush is the most gratuitous big spender to occupy the White House since Jimmy Carter. One could say that he has become the "Mother of All Big Spenders."[...]I'm sure about this, but does that mean discretionary spending has increased more than defense expendatures? In any case, it is clear that this is not due to the war on terror. And from a libertarian think-tank. perma link |
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