http://www.nctimes.com/articles/2004/01/25/opinion/editorials/1_24_0419_44_19.txtPresident George W. Bush is spending the nation into deep financial trouble. He is following the same disastrous course that led California into disaster, and he's doing it on a far grander scale.
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Bush promised Tuesday night to hold the growth of discretionary spending to 4 percent next year, but discretionary spending accounts for less than one-sixth of federal spending, and it's the growth of these programs ---- Social Security, Medicare and the military, above all ---- that are throwing the budget out of whack. And an analysis by the conservative Heritage Foundation ---- a Bush ally ---- shows that discretionary spending actually will grow by 9 percent next year. That's because Bush is basing his numbers on budget "authorization" rather than actual spending ---- and Bush's 2004 budget reported that outlays for fiscal year 2002 exceeded authorization by $368 billion.