Thursday, June 15, 2006 - Neocons Lying Ad Nauseum
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Oh please!

Radical Neocons have handed the U.S. is greatest deficits ever under the administration George W. Bush. Democrats have been the ones to grow the economy, balance the budget and bring fiscal responsibility to government spending.

According to the Jan. 28, 2006, Washington Post, "Additional war spending this year (2006) will push the federal deficit to a record $427 billion for fiscal 2005, effectively thwarting President Bush's pledge to begin stanching the flow of government red ink ...

"Administration officials rolled out an $80 billion emergency spending request, mainly for Iraq and Afghanistan, conceding that the extra money would probably send the federal deficit above the record $412 billion recorded in fiscal 2004, which ended Sept. 30. Bush has pledged to cut the budget deficit in half by 2009, a promise the administration says it can keep. But at least for now, the government's fiscal health is worsening.

"In a separate briefing, CBO Director Douglas Holtz-Eakin said tax cuts and spending enacted by Congress last year will contribute $504 billion to the government's overall forecast debt between 2005 and 2014. Additional debt over that decade should total $1.36 trillion, well above the $861 billion figure the CBO projected in September ... A senior administration official told reporters that Bush's budget ... will show the government on track to cut the deficit in half from the White House's initial deficit projection for 2004.

"But the CBO projections cast significant doubt on that claim. In total, the CBO projected that the government will amass an additional $855 billion in debt between 2006 and 2015, but Holtz-Eakin cautioned that the figure almost certainly understates the problem. The total assumes no additional money will be spent in Iraq or Afghanistan over the next decade. Perhaps more important, the CBO, by law, must assume Bush's first-term tax cuts will expire after 2010, sending the government's balance sheet from a $189 billion deficit that year to a $71 billion surplus in 2012.

"The CBO forecast also excludes the cost of Bush's promised restructuring of Social Security, which could add an additional $1 trillion to $2 trillion over the next decade."

The tax and spend label can't be applied to Radical Neocons because they are too busy cutting taxes for their ruling class to consider how they will pay for their spending sprees.

Still, Radical Neocons will slap the tax and spend label on liberals at every opportunity in hopes that a lie repeated often enough will be believed.

My Personal Signature Heather™

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About Heather ™
I have suspeneded my blog site
I may come back to it at a later date
I am sorry that my blogs and site were not appreciated and lacked participation
It just seems like my JH Colleagues have little interest in this format
I have to devote my time and energy where it is appreciated
It seems thats not the case here.
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