Bush submits record breaking $3 TRILLION budget plan.

Man, it’s a good thing we don’t have a tax-and-spend Democrat in the White House. Who knows what kind of an outrageous budget proposal they’d submit to Congress? Certainly nothing as restrained as what President Bush has submitted:

WASHINGTON – President Bush sent the nation’s first-ever $3 trillion budget proposal to Congress on Monday, contending that the spending blueprint will fulfill his chief responsibility to keep America safe.

The $3.1 trillion proposed budget projects sizable increases in national security but forces the rest of government to pinch pennies. It seeks $196 billion in savings over five years in the government’s giant health care programs – Medicare and Medicaid.

But even with those restraints, the budget projects the deficits will soar to near-record levels of $410 billion this year and $407 billion in 2009, driven higher in part by efforts to revive the sagging economy with a $145 billion stimulus package.

So let’s get this straight: He wants to cut funding to Medicare and Medicaid, programs that help the most vulnerable in our society, and yet that won’t stop the deficits from soaring to new highs that will impact our children’s children in the long run. This so he can protect the tax cuts he put in place that benefit the wealthiest folks least in need of a helping hand and then he has the audacity to call it a “a good, solid budget.”

Democrats called Bush’s final spending plan 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.

“This budget is fiscally irresponsible and highly deceptive, hiding the costs of the war in Iraq while increasing the skyrocketing debt,’ said Senate Majority Leader Harry Reid, D-Nev.

“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.

Yeah, well, no surprise there. Once an idiot always an idiot.

President Bush went on to reveal just how truly delusional he really is:

Bush defended his record, saying it supported a strong defense and, if his policies are followed, will produce a budget surplus of $48 billion in 2012.

“Two key principles guided the development of my budget – keeping America safe and ensuring our continued prosperity,” Bush said in his budget message to Congress.

Reviewing the budget with his Cabinet, Bush said it would keep the economy growing and protect the U.S. militarily. He called it “innovative” because it was dispatched to Congress electronically.

The only way that Bush’s policies will produce a budget surplus of $48 billion is if the next President finds some way of undoing the damage Bush’s time if office has caused to our economy. In which case it won’t actually be Bush’s policies that produce the surplus.

And if he thinks he’s ensuring our continued prosperity then, please, stop trying to ensure our continued prosperity cause it looks a lot like a recession to those of us in the reality-based community.

20 thoughts on “Bush submits record breaking $3 TRILLION budget plan.

  1. Our country is already OWNED by F***ing China, thanks to Bush!  We should all develop a taste for cow eyeballs and chicken feet!

    SG

  2. Our country is already OWNED by F***ing China, thanks to Bush!  We should all develop a taste for cow eyeballs and chicken feet!

    dude thats sooooooooooooooo F***ing rude , no one forced you to buy any thing and eat it , your greed companies make use of the poor cheap labor in china to produce the cheapest crap to sell to their own people while paying these poor workers less than the minimum wage.

  3. dude thats sooooooooooooooo F***ing rude , no one forced you to buy any thing and eat it

    SG may be referring to the amount of loan paper that China has on our country.  Our deficit spending involves borrowing money, a great deal of it from China and more from our loyal friends in the Middle East.

  4. Plus it’s getting virtually impossible to buy certain things that are’nt made in China- most things plastic for example.

    Yes, it is often slave labour, but when they have cornered the market in many basics, its hard not to buy.

  5. What I think is funny is that we could make a big dent in the manufacturing sector vs China if we’d just start letting all those cheap, underpaid workers in Mexico come in and work and spend their money in our country instead of whining about culture dilution like every foreign country shedding tears over Coca-Cola and McDonalds. Seriously, we should just open the doors wide and win every heart with Hollywood and porn like we do everywhere else. They’ll learn and they’ll make toilet seats or whatever to sell to a billion Chinese consumers eventually.

  6. What I think is funny is that we could make a big dent in the manufacturing sector vs China if we’d just start letting all those cheap, underpaid workers in Mexico come in and work and spend their money in our country instead of whining about culture dilution like every foreign country shedding tears over Coca-Cola and McDonalds. Seriously, we should just open the doors wide and win every heart with Hollywood and porn like we do everywhere else. They’ll learn and they’ll make toilet seats or whatever to sell to a billion Chinese consumers eventually.

    with current economy crisis American construction workers cant find themselves jobs so what would happen if you let in foreigners who charge half the price.
    and dude the billion chinese people aren’t consumers, we have all kinds of industries that you could ever imagine , starting from pins ending with cars, but you can export democracy though.

  7. Part of the reason American workers can’t find jobs is because labor costs are prohibitively expensive and noncompetitive. Strangely enough, this is indicative that the US has a labor shortage. We don’t have enough workers to justify the expense of American manufacturing, a situation that would begin to equalize if there were more workers. That’s the whole reason why China has such an advantage in the first place, their labor costs are cheap as hell and they don’t particularly care if they salt the earth in their rush to industrialize to modern levels. They’ll pay the price for it in ten or twenty years.

    And “dude,” a billion Chinese people are a billion consumers. It doesn’t matter what Chinese people make anymore than it matters that Americans made cars before the Japanese began to. All that matters is that you’re making a competitive product at a competitive price, and with the US dollar tanking thanks to Bush’s shitty business sense we’ve got a fairly attractive exchange rate going on in some places. China would really just be a feather in the cap if American manufacturing were to come back enough to make even a small dent in our imports, just enough to impact the monetary flow some and reduce the trade deficit. Why? Because to do it by also raising the population by a few million people in a short period of time would also increase our buying power and our demand for goods.

    As for the democracy comment, that’s just chickenshit bullshit. If the Chinese wanted democracy they could have it next week, the same way nearly every other successful democracy has managed it: kill the people in power and tear the mother down. That’s not something you have done for you, despite everything that Bush has been peddling for the last decade. It’s something you want for yourself and your kids and stir up at home.

    At the very least no one really wants the US to successfully invade China, since the proper way to do that against the massive boots-on-ground advantage the Chinese would bring to the table would be to nuke the ever-loving hell out the country from top to bottom and pick up the shattered pieces afterwards. It wouldn’t be nearly as pretty as anything anyone’s really done since Carthage, there’s just no other way imaginable.

    In any case, plugging a population rush into the country is really absolutely the only way the economy is going to compete with low cost global labor. Bleed the low cost labor from other countries and import the people into the US, strengthening the economy and increasing the tax base. It might be a scary, chaotic marketplace while things are being hammered out, but it’s how the US came to be the country it used to be in the first place. Huddled masses, it’s the trick.

  8. to make

    competitive product

    in the term of price to compete with china you need to make the average income of the American worker less that 60$ a month and that what you get with your brilliant plan.
    not to mention that extremely poor people (because of their sufferings)are always exposed to extreme ideologies and the only way you can rule them so no big boom mambo jumbo goes around is to rule them with a cruel dictatorism.
    do you really want an America with dictatorism and a minimum wage income?
    I am not defending bush or anything but there is certain economical plans that can fix the problem.

  9. I am not defending bush or anything but there is certain economical plans that can fix the problem.

    OK, please tell us one of these economic plans.  What have you heard about that would work better than what is being proposed or is being done now?

  10. You don’t know what you’re talking about. Even the Chinese have an average wage of $.57/hr, about $105 a month.

    Where your delusional mind started connecting immigration and manufacturing policy reform with dictatorships and “extreme ideologies” only your therapist can guess, but I will comment that your general tone towards the poor seems pathetically patronizing. Capitalism and the myth of democracy aren’t extreme enough for you, aye? We’d just have to put the boot down on those beaners to keep them uppity immigrants in their place maybe? Please, that’s about as racist as anything Moloch’s ever dribbled out of his hate-hole.

    Farewell To Supply-Side Economics

    According to reports, 70 percent of the goods on Wal-Mart shelves are made in China. During 2006, Americans spent $1.86 trillion on imported goods, that is, 23 percent of total personal consumption expenditures were spent on imports (including offshored goods). This means that between one-fifth and one-fourth of new consumption expenditures will stimulate foreign economies.

    Americans worry about their dependency on imported energy, but the $145 billion paid to OPEC in 2006 is a small part of the total import bill. Americans imported $603 billion in industrial supplies and materials; $418 billion in capital goods; $257 billion in automotive vehicles, parts and engines; $424 billion in manufactured consumer goods; and $75 billion in foods, feeds and beverages.

    The Keynesian policy of driving the economy through consumer demand was applied to a different economy than the one we have today. In those days the goods Americans purchased, such as cars and appliances, were mainly made in America. Construction workers were not illegals sending their wages back to Mexico. The U.S. had a robust manufacturing workforce. When consumer demand weakened, companies would reduce their output and lay off workers. Government policymakers would respond to the decline in employment and output with monetary and fiscal policies that boosted consumer demand. As consumer spending picked up, companies would call back the laid off workers in order to increase output to meet the rising demand.

    Today Americans are losing jobs for reasons that have nothing to do with recession. They are losing their jobs to offshoring and to foreigners brought in on work visas. Today many American brands are produced offshore in whole or part with foreign labor and imported to the United States for sale in the American market. In 2007, prior to the onset of the 2008 recession, 217,000 manufacturing jobs were lost. The United States now has fewer manufacturing jobs than it had in 1950 when the population was half the current size.

    Discarding your racist rantings, the solution is clear: Bring back American manufacturing. The problem? US employment to population can’t sustain a competitive manufacturing sector. Solution: Open the country up to more immigration, streamline the process and increase the total labor force seeking employment, while breaking union speed bumps to outside employment.

  11. nationalism isn’t racism , you bring the foreign cheap labor immigrants and your own American people gana starve , although this country was built on immigrants that doesn’t mean its an open charity or else the whole third and second world countries would have moved into first world countries.
    and face the painful fact that poor people mostly can’t afford getting proper education and uneducated poor people always seek salvation in religions, communism and any other altruist or after life mambo jampos.
    Low taxes mean fast growth in the economy because it allows production growth and makes competitive products, but there wont be enough tax money to fund the oil wars which means the government has to pass energy conservation policies that includes very high taxes on vehicles that has a high engine power (no more big hip hop cars for every one get an economical ford) and increasing the public transportation infrastructure.
    then the government sets extra taxes on American companies that produce its products over seas.
    And diverting the yearly charity donations of the US. government to floods and hungers into fixing the credit crisis.
    at last restrict the immigration laws and activate the immediate deportion of illegal immigrants which will create more jobs.

  12. you bring the foreign cheap labor immigrants and your own American people gana starve

    Oh right! LOL cause we all know Americans are willing to clean shit stained toilets, cook food, and clean dishes as part of one job for under $10/hr… give me a break! That argument is so ridiculous. If Americans would rather work the jobs that are being taken by illegals than companies would have no incentive to hire illegals.

    Based on that point alone I have no reason to read the rest of your argument.

  13. Oh right! LOL cause we all know Americans are willing to clean shit stained toilets, cook food, and clean dishes as part of one job for under $10/hr… give me a break! That argument is so ridiculous. If Americans would rather work the jobs that are being taken by illegals than companies would have no incentive to hire illegals.

    they have to if there isnt any one else to do the job or they have to learn how to swim in shit.

    Based on that point alone I have no reason to read the rest of your argument

    that would be way better

  14. I guess you missed something…

    they have to if there isnt any one else to do the job or they have to learn how to swim in shit.

    Right! That’s exactly my point. There is no one to hire for those jobs so they hire illegals instead. Because no Americans want to work the job. In other words, Americans aren’t losing jobs to illegals, they are letting illegals work a job they do not want to work. I have yet to meet anyone that has lost a job to an illegal immigrant.

  15. Pardon me if I don’t find your nonsensical arguments based off of a flawed understanding of macroeconomics and the United States in general very compelling. You don’t know what you’re talking about:

    nationalism isn’t racism , you bring the foreign cheap labor immigrants and your own American people gana starve

    No they won’t. Despite an increase in foreign market penetration in the agricultural and food sectors, the US is still producing a hell of a lot of food. In fact, with all that cheaper labor the agricultural and food service industries will be filled out quite nicely compared to recent decades – with labor that would actually be taxed and regulated.

    And however you like to frame your racism, it’s still racist. That’s essentially the argument that nearly all, including your own, anti-immigration policies rest upon: bigotry.

    (A}lthough this country was built on immigrants that doesn’t mean its an open charity or else the whole third and second world countries would have moved into first world countries.
    and face the painful fact that poor people mostly can’t afford getting proper education and uneducated poor people always seek salvation in religions, communism and any other altruist or after life mambo jampos.

    So, poor people are stupid? Geez.

    It doesn’t matter if they’re poor, or undereducated. You write English like a drunken 4th grader and are trying to argue macroeconomics and monetary policy way above your obvious lack of education, and you’re bitching about poor immigrants? Every immigrant that comes to the country will eventually be sending their kids to US public schools, and regardless of their religion or lack of it they’ll all be mostly looking for employment in professions that the US has been phasing out since the 1950s thanks to crappy monetary policy.

    Low taxes mean fast growth in the economy because it allows production growth and makes competitive products, but there wont be enough tax money to fund the oil wars which means the government has to pass energy conservation policies that includes very high taxes on vehicles that has a high engine power (no more big hip hop cars for every one get an economical ford) and increasing the public transportation infrastructure.

    You’re getting an impressively stupid line of bullshit from someone. Low taxes mean faster consumer spending, but when every or nearly every product is produced overseas the money spent doesn’t circulate properly back into the tax base. You get a fiction of growth without any real value, while you basically starve the country of currency like every failed Republican enthusiast for three decades. You can do what you’re suggesting, if you’ve got the right kind of economy. We don’t anymore, because we need to increase our manufacturing and low end labor pool to compete with globalization.

    America isn’t making anything much anymore except money and consumers. That’s the basic problem. Your solution is slapping a bullshit bandaid on the issue and selling more of the country to foreign companies that actually make things, and devalues the currency further which makes US manufacturing even less viable.

    You’re right about one thing though: There won’t be any tax money, because your solution is exactly how we’re already trillions of dollars in debt already. What tax money we do pull in will eventually be worth nothing, because of inflation.

    I also find your assumption that the US is fighting “oil wars” as a monetary issue beyond the local discussion absurd. The economic problem of Iraq isn’t about the oil, it’s about the conditions of garrisoning a large standing army overseas with a lengthy supply line that was designed for short, catastrophically aggressive conflicts in Eastern Europe. Our military was never meant to be parked anywhere but at home. Economically everything else is extraneous and useless information.

    Public transportation will never be anything but a local issue in the United States. It’s simply too large and the construction costs are too high to accommodate a vastly dispersed rural population. Europeans pretend to understand the spaces between flyover country in the US like I suppose Americans pretend to equate similar population issues in Siberia – I doubt anyone really “gets it” until they’ve taken a car from LA to Chicago to New York and then down to Miami. Maybe we’ll get more public transportation in our cities after someone clears the way with bombs for urban renewal the way it happened in many places in Europe after World War II.

    then the government sets extra taxes on American companies that produce its products over seas.

    Then American companies will move their headquarters overseas and become non-American companies, or get bought out by more competitive foreign companies. It’s call globalization, perhaps you’ve heard of it?

    All of your solutions are just fucking the country over more.

    And diverting the yearly charity donations of the US. government to floods and hungers into fixing the credit crisis.

    Ah, so we screw with maintaining infrastructure and places of business to settle our deficit crisis, while we’re fucking shooting our currency in the foot, killing off the last legs of the American auto industry, and telling all of our major corporations to relocate to India or Malaysia. That’s genius…We kill off our tax base and then use the proceeds to pay off our debts with diminishing returns until the last nail is slammed into the economy. Brilliant.

    at last restrict the immigration laws and activate the immediate deportion of illegal immigrants which will create more jobs.

    No, you’re wrong. Deporting immigrants of any flavor just means that there’s more of a labor shortage. Despite a few recent dips, unemployment is still hovering around 5% which is still vaguely nearing full employment (which is normally somewhere between 4-7% historically for the US), which means that all you’d be doing is crippling industries by sending away their labor force. That full employment is a problem, in fact as I’ve mentioned earlier. We need to create more workers seeking jobs, not less.

  16. t doesn’t matter if they’re poor, or undereducated. You write English like a drunken 4th grader and are trying to argue macroeconomics and monetary policy way above your obvious lack of education, and you’re bitching about poor immigrants? Every immigrant that comes to the country will eventually be sending their kids to US public schools, and regardless of their religion or lack of it they’ll all be mostly looking for employment in professions that the US has been phasing out since the 1950s thanks to crappy monetary policy.

    for one my English is poor because it isn’t my native language as i am not even an American to have anti-immigration policies because if you have just a small piece of a human brain you should have noticed that I entered the argument when some one said a racist and rude against the Chinese people .

    eventually be sending their kids to US public schools, and regardless

    yes and then they send them to Sunday schools at churches and mosques.

    No, you’re wrong. Deporting immigrants of any flavor just means that there’s more of a labor shortage. Despite a few recent dips, unemployment is still hovering around 5% which is still vaguely nearing full employment (which is normally somewhere between 4-7% historically for the US), which means that all you’d be doing is crippling industries by sending away their labor force. That full employment is a problem, in fact as I’ve mentioned earlier. We need to create more workers seeking jobs, not less.

    check out the employment recent charts and look at real estate and construction fields.

    Ah, so we screw with maintaining infrastructure and places of business to settle our deficit crisis, while we’re fucking shooting our currency in the foot, killing off the last legs of the American auto industry, and telling all of our major corporations to relocate to India or Malaysia. That’s genius…We kill off our tax base and then use the proceeds to pay off our debts with diminishing returns until the last nail is slammed into the economy. Brilliant.

    stopping donations to crisis overseas dump ass.

    Then American companies will move their headquarters overseas and become non-American companies, or get bought out by more competitive foreign companies. It’s call globalization, perhaps you’ve heard of it?

    yeah because you never heard of the importing taxes before and you never ever heared of the transportation expenses, adding to that the overseas countries taxes.

    to be parked anywhere but at home

    what about ‘‘bring em back’‘

    misermook you are trying to seek altruist solutions for the problem but that never worked , Americas economy is capitalist that means it was built on randian ethics , ayn rand explained in many parts that a perfect system is fully selfish as the American government does serve nothing and no one but the American people’s interests, Google inc serves nothing and no one but its own interest, you should serve nothing and no one but your own interest always by maintain the physical safety of every one.
    but hey at the end of the day its not my country its yours , you can do what ever you wana do with it , merge it with Mexico open the door wide to whom ever you want, the only reason i care is that the American economy effects the whole world economy.

  17. Well, I opened a can of beans with my comments!  What I MEANT was that we’ve borrowed so much money from overseas (yes, China) to fund our extravagant way of life that our national debt is through the roof.  Everybody wants services, but nobody wants to pay taxes.  The government does what every chicken elected official does, borrow the money.  The Romans did it long ago – bread and circuses.  Their lifestyle ruined their economy.  Our lifestyle is ruining ours, too.  We *don’t* have to buy goods from China.  It’s hard, but we can get goods from closer to home. 

    It’s our economic policy that I was slamming, not the Chinese people.  In fact, some of my friends are Chinese….

    SG

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.