Wednesday, February 20, 2008

Bush's New Budget

President Bush introduced a $3.1 trillion budget plan to congress. It supports dramatic increases in military spending, and it also protects his signature tax cuts. The goverment has spend $3 trillion dollars in a 12 month period dor the first time in history. He wants $196 billion to go to Medicare and Medicaid programs. Bush's campaign has been projected to have left a this country with a record build up of debt. He wants more money to fund the unecessary war in Iraq, and to give citizens tax cuts. These tax cuts will only help the wealty like himself, and farther cut down the middle class. The goverment is going to have to borrow more money from China, and Japan. It seems to me that the only good that is going to come out of this is the $145 billion stimilus package. This might help the econmy for a couple months but will not help lift the economy from a upcoming recession. The $600 dollars that people are going to receive are not going to stabilized this economy. I pay twice as much each semester for college, those $600 dollars dont even cover two months of my car payment. I know the middle class will use that money to pay of debts and buy neccesaties. But after they waste that money we'll be in the same spot were we are. The goverment needs to start taxing the rich with higher interest and give the middle and poor class a break. Bush should not be asking for money to be used in the military or in his so call "War on Terrorism", there is no terrorist danger to our country, the only thing we need to fear is our own goverment.

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