EDITORIALS REGARDING BUSH'S DESTRUCTION
OF U.S. ECONOMY
By Randolph T Holhut
Created Dec 21 2006 - 11:10am
DUMMERSTON, Vt. — The Financial Report of the United States Government,
the summation of the 2006 fiscal year that ended on Sept. 30, found that had the
federal government used the same accounting practices used by the private sector,
the 2006 federal budget deficit would have been $449.5 billion, not the widely reported
By Greg Palast
September, 3 2006
Some years from now, in an economic refugee relocation "Enterprise Zone," your kids
will ask you, "What did you do in the Class War, Daddy?"
The trick of class war is not to let the victims know they're under attack. That's how,
little by little, the owners of the planet take away what little we have.
2005 Federal Budget - Misplaced and Uncompassionate
On December 8, 2005, the Republican Leadership in the House of Representatives
presented a new, modified federal budget for 2006 and beyond. The President and the
Republican leadership are saying that the costs associated with rebuilding the communities
devastated by Hurricane Katrina have driven up the national deficit to an unacceptable
level. They claim that this new budget was necessary in order to "offset" these rebuilding
costs. I voted against this budget proposal, below are my reason for doing so.
Misplaced and Uncompassionate Priorities
The proposed budget would cut funding for vital social services such as health care,
child care, education, and veterans benefits. Spending for the war in Iraq and tax cuts
for the wealthiest Americans, however, will remain intact. It would seem that the
Majority has a double standard when it comes to spending the American taxpayers'
money. Apparently, it is acceptable to drive up the deficit to unprecedented levels with
tax cuts for the rich and for an ill advised war; yet, when Americans need help to
recover from a natural disaster, budget "offsets" suddenly become necessary. In a
cruel irony, the "offsets" are targeted at precisely the programs that Katrina's victims need most.