this is a must read article, includes a couple of excellent talking pointshttp://www.kfi640.com/script/headline_newsmanager.php?id=384601&pagecontent=nationalnews&feed_id=59Budget Deficits Threaten Political Will to Tackle Other Bush InitiativesKnight Ridder Washington Bureau
WASHINGTON - Vice President Dick Cheney once brushed aside fears that new tax cuts would increase the federal budget deficit and hurt the economy. "Reagan proved deficits don't matter," Cheney reportedly said.
Now, with his new federal budget proposals, President Bush is about to test whether that's true. He projects that the deficit would shrink from $427 billion in fiscal 2005 to $207 billion in fiscal 2010 under his proposals.
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"It's Maalox time for Congress," said Steve Schier, a political scientist at Carleton College in Minnesota and author of a book on deficit politics. "Congress has talked the talk about spending but hasn't walked the walk. I don't know how the president's going to get them to do it this time. I'm sure there are lot of knees knocking right now in the Republican caucuses."
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Bush has hardly been a taskmaster on spending. He didn't veto a single spending bill in his first term. Spending rose 29 percent during those four years. Much was attributed to the costs of war, but not all. For example, Bush signed into law the biggest expansion of Medicare since it was created in 1965, at the height of Lyndon Johnson's Great Society.
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"It's like saying you're going to go on a diet until dinner," said William Gale, a Brookings economist.
complete story:
http://www.kfi640.com/script/headline_newsmanager.php?id=384601&pagecontent=nationalnews&feed_id=59