Monday, February 06, 2006

Cutting The Deficit, With Magic!

posted by Will
So, the FY 2007 budget is out, and it will "cut the deficit in half by 2009"--as a percentage of GDP, not in dollars. Don't worry, though, no cuts will be made in wasteful defense spending. The budget, by the way, does not include projected costs of the war in Iraq, which are certain to materialize, but it does include imagined tax revenue from ANWR oil exploration, which seems pretty likely (hopefully) not to materialize.

James Frey's "memoir" is starting to sound like a compendium of hard facts compared to Bush's budget prestidigitations. I haven't even yet discussed how they dodged the cost of the tax cuts being made permanent. Bush might as well have said, "Well, I can always print more money!"

Every budget hawk in the country, Republican or Democrat, should be marching down the street, holding aloft copies of this budget set alight.

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