President Bush recently unveiled his
budget. It's even worse than his State of the Union Address. Every time I think he might be waking up a bit and seeing the current reality, he proves me wrong. He wants to make past tax cuts permanent, which is nice. However, the deficit is projected to hit a record $423 billion. So much for conservative fiscal policy.
Then one has to look at how the record spending is planned to be distributed. The military, of course, will see a huge increase. Most level-headed people knew Iraq would turn into what is has, and it has been a financial sink hole. This is despite other nations continuing to actually tell us they have weapons of mass destruction. Oops.
President Bush emphasized the need for the U.S. to remain competitive economically. Despite that, he plans to cut funding by $59 million to the Manufacturing Extension Partnership Program. It's one of the few tools that can be used to keep the U.S. somewhat competitive in manufacturing. With that said, hopefully his American Competitiveness Initiative will pick up some of the slack.
Here's the shocker. Of the planned cuts and reductions, over one-third reside in education. This makes No Child Left Behind even more laughable. Of course, even worse, is programs like the American Competitiveness Initiative will be a waste if our students aren't competitive. But, as Bush said, "My administration has focused the nation's resources on our highest priority -- protecting our citizens and our homeland." Sigh.
Finally, he, in effect, cut some healthcare related services tied to Medicare. While increased efficiency is desperately need in healthcare, he didn't really address that issue. Instead, he called this a "spending control" despite it lacking a real plan to reduce spending, as opposed to services and quality of life.
Finally, while he does plan to cut into the deficit down the road, even this year's budget is optimistic as it includes money he won't likely see. While the American Competitiveness Initiative and the focus on energy are a plus, the rest was disappointing. Americans can look forward to a record deficit, despite seeing very little of the spending benefit. But, don't worry, it'll be chalked up to "security." Too bad it's at the expense of quality of life. Oh, and don't worry, we'll pay for this fiscal irresponsibility long after he leaves office.