Bush Unveils Budget and Lunacy

Lame Duck Georgie the Loon has unveiled his spending plan for the 2009 fiscal year: $3.1 Trillion package. THREE. POINT. ONE. TRILLION. DOLLARS. And guess what it includes? Yes! Increased military spending, permanent tax cuts for the wealthy and $196 billion in savings from Medicare and Medicaid.

Even with those savings, Bush projects that the deficits, which had been declining, will soar to near-record levels, hitting $410 billion this year and $407 billion in 2009. The all-time high deficit in dollar terms was $413 billion in 2004.

Democrats attacked Bush's final spending plan as a continuation of this administration's failed policies which wiped out a projected 10-year surplus of $5.6 trillion and replaced it with a record buildup in debt.

"Today's budget bears all the hallmarks of the Bush legacy - it leads to more deficits, more debt, more tax cuts, more cutbacks in critical services," said House Budget Committee Chairman John Spratt, D-S.C.

..."The president proposes more of the same failed policies he has embraced throughout his time in office - more deficit-financed war spending, more deficit-financed tax cuts tilted to benefit the wealthiest and more borrowing from foreign nations like China and Japan," said Senate Budget Committee Chairman Kent Conrad, D-N.D.

The chimp is certifiable. And yet, somehow Republicans are always accusing Democrats of loose pocketbooks. Unbelievable.