Finally - Bush Wants To Reduce Spending

[red states rule]

It took him long enough - but finally Pres Bush is standing firm to increased spending and the higher taxes Dems want to impose on the workers

I hope he will veto these insane spending bills - something he should have done years ago



Bush sees taxes in Democrats' spending
By Joseph Curl
August 3, 2007

President Bush yesterday said the Democrat-controlled Congress wants "to raise your taxes," and he ridiculed House Speaker Nancy Pelosi's calling of the $22 billion that Democrats want to add to the president's spending proposal a "very small difference."

"Only in Washington can $22 billion be called a very small difference," said Mr. Bush as he stood in the White House Rose Garden after meeting with his Cabinet. "There's only one way to pay for all this new federal spending without running up the deficit, and that is to raise your taxes."

Mr. Bush has threatened to veto nine of the 12 annual spending bills for fiscal 2008, which begins Oct. 1. Most of the bills already approved by the House passed without veto-proof majorities, but just one has been approved by the Senate.

The president said yesterday he already has proposed increasing discretionary spending by 6.9 percent, but that Democrats want to add $205 billion in additional spending over the next five years.

"That $205 billion averages out to about $112 million per day, $4.7 million per hour, $78,000 per minute. Put another way, that's about $1,300 in higher spending every second of every minute of every hour of every day of every year for the next five years," Mr. Bush said.

Senate Majority Leader Harry Reid yesterday charged that the president is "more interested in picking fights than problem-solving."

"Our differences amount to less than 1 percent of the budget, less than half of what the president wants to spend on tax breaks for those with incomes over $1 million, and less than what we spend in two months on the war in Iraq," said the Nevada senator, adding that the Bush administration's "reckless" fiscal policy has turned a $236 billion surplus into a $248 billion deficit, leaving key domestic programs unfunded or underfunded.

Democrats pointed out that Mr. Bush has turned a projected 10-year budget surplus of $5.6 trillion into additional debt of more than $3 trillion. In his first term, the president never vetoed a single bill, signing legislation that far exceeded his austere requests, which has angered conservatives.


for the compete article

http://washingtontimes.com/apps/pbcs.dll/article?AID=/20070803/NATION/108030099/1001

[avatar4321]

The Republicans were curbing spending the last few years. The Deficit has been shrinking for a while and then the Democrats were elected in and bam! New spending and Earmarks like crazy.

I think its smart to veto this.

[red states rule]

The Republicans were curbing spending the last few years. The Deficit has been shrinking for a while and then the Democrats were elected in and bam! New spending and Earmarks like crazy.

I think its smart to veto this.

I don't know about them curbing spending. The spending was insane.

The deficit was dropping because of record amonts of money coming into DC due tot he tax cuts and a growing economy

Now, Dems did vote to repeal ALL the Bush tax cuts on 3/31/07 - which amounts to a tax increase of over $400 billion

[Tarheel]

Fantasyland...

republicans have been the biggest borrow and spenders in US history resulting in an over $9 trillion dollar deficit. Any slowing of that accumulation has nothing to do with the policies of George Bush, though I'm sure some of you pray he could claim some redeeming qualities regarding his affiliation with what used to be a party of conservatives.

[nevadamedic]

Fantasyland...

republicans have been the biggest borrow and spenders in US history resulting in an over $9 trillion dollar deficit. Any slowing of that accumulation has nothing to do with the policies of George Bush, though I'm sure some of you pray he could claim some redeeming qualities regarding his affiliation with what used to be a party of conservatives.

Another member who needs to be on Lithium.

[red states rule]

Fantasyland...

republicans have been the biggest borrow and spenders in US history resulting in an over $9 trillion dollar deficit. Any slowing of that accumulation has nothing to do with the policies of George Bush, though I'm sure some of you pray he could claim some redeeming qualities regarding his affiliation with what used to be a party of conservatives.

The tax cuts have given us record tax revenues despite how the libs said the tax cuts would cripple the economy

[red states rule]

Another member who needs to be on Lithium.

and stuck on DNC talking points

[red states rule]

Fantasyland...

republicans have been the biggest borrow and spenders in US history resulting in an over $9 trillion dollar deficit. Any slowing of that accumulation has nothing to do with the policies of George Bush, though I'm sure some of you pray he could claim some redeeming qualities regarding his affiliation with what used to be a party of conservatives.

US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04


WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.
Treasury Undersecretary for Domestic Finance Randal Quarles said Friday's numbers provided a "continuing demonstration of the strength of the U.S. economy."
"In fact, Friday's gross receipts were the largest in a single day in the nation's history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement.
-By Benton Ives-Halperin, Dow Jones Newswires; 202-862-9255; Benton.Ives-Halperin@dowjones.com
http://www.easybourse.com/Website/dynamic/News.php?NewsID=58170&lang=fra&NewsRubrique=2




Tax Payments Lead to Big April Surplus


*Please Note: Archive articles do not include photos, charts or graphics. More information. May 19, 2000, Friday
(AP); Business/Financial Desk
Late Edition - Final, Section C, Page 7, Column 1, 288 words
DISPLAYING ABSTRACT - US Treasury posts record budget surplus of $159.5 billion in April, thanks to flood of tax receipts; surplus was 40.5 percent higher than surplus of $113.5 billion recorded in April 1999; revenue for April reached record monthly high of $295.1 billion, while spending came to $135.7 billion; for first seven months of fiscal 2000, which began Oct 1, government is running surplus of $123.9 billion, just about matching record $124.4 billion surplus recorded for all of 1999 fiscal year; revenue during first seven months of fiscal 2000 totaled $1.72 trillion, while spending came to $1.04 trillion

http://select.nytimes.com/gst/abstract.html?res=F30B15F63F5E0C7A8DDDAC0894D84044 82&n=Top%2fReference%2fTimes%20Topics%2fOrganizations %2fT%2fTreasury%20Department%20

[red states rule]

Of course, we can always put our trust in the Dems to make sure our tax money is spent in the correct manner


Heck With Ethics: Murtha Nabs $150 Million in Earmarks
By Noel Sheppard | August 3, 2007 - 11:59 ET
Less than 24 hours after the Senate passed a supposedly sweeping ethics bill designed to end corruption in Washington, some astounding earmark and pork totals for leading Congressmen were reported by The Hill (emphasis added throughout):

Rep. John Murtha (D-Pa.), chairman of the House Appropriations defense panel, has secured the most earmarked dollars in the 2008 military spending bill, followed closely by the panel's ranking member Rep. Bill Young (R-Fla.).

Even though Young secured 52 earmarks, worth $117.2 million - and co-sponsored at least $27 million worth of others - Murtha's 48 earmarks amount to a total of $150.5 million, according to a database compiled by the watchdog organization Taxpayers for Common Sense (TCS).
Please bear in mind that nothing in the just-passed bill sitting on the President's desk would in any way prevent those earmarks, or these:

Murtha, the defense industry's darling, has been known throughout his tenure on the defense panel to shell out a large number of earmarks. His biggest earmark in the bill is $23 million for the National Drug Intelligence Center (NDIC), a move that sparked a fierce fight with Rep. Todd Tiahrt (R-Kan.), who earlier this year voted in a private meeting to strip Murtha's earmark.

The Bush administration requested $16 million to shut down the center, which is in Murtha's district, because it replicated the work of a similar center.

Murtha's second highest earmark is for $15 million for a military molecular medicine initiative.

Young has several requests valued at $5 million for projects such as ballistic missile range safety technology, the Common Aero Vehicle (another missile program) and rapid-response counter-measures to chemical and biological weapons.

The embattled former Appropriations Committee chairman, Rep. Jerry Lewis (R-Calif.), also claims a big haul of earmark dollars, totaling $95 million. He made some requests with Reps. Ellen Tauscher (D-Calif.) and Buck McKeon (R-Calif.), including $2 million for an integrated propulsion analysis tool, which would benefit Advatech Pacific, a company represented in Washington by Innovative Federal Strategies.

[...]

Rep. Norm Dicks (D-Wash.), one of the most senior defense appropriators, was able to secure $44 million in earmarks, including $1 million for medical technology to look into rare blood diseases. He made that request with Rep. Jim McDermott (D-Wash.). The two also requested $5 million for a littoral sensor grid.

Speaker Nancy Pelosi (D-Calif.) got her share of pork projects - 11 projects valued at $37.3 million.

Majority Leader Steny Hoyer's (D-Md.) haul is $26 million.

As one can see, earmarking is quite bipartisan. And, as The Hill noted, these totals are down by about 50 percent from last year's defense bill.

However, this is a national disgrace coming less than 24 hours after the passing of a so-called ethics bill, and an honest, impartial media would be pounding the table about this issue.

Will they? Will this be a focus of discussion during today's newscasts, or in tomorrow's papers?

Assume for a second that less than 24 hours after a Republican-controlled Congress passed an ethics bill such earmarks and pork had been revealed. Think that would get media's attention?

Yeah. I do, too.

http://newsbusters.org/blogs/noel-sheppard/2007/08/03/heck-ethics-murtha-nabs-150-million-earmarks