CROSS OF IRON
CROSS OF IRON Speech by Republican President Eisenhower
This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children...
This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.
CROSS OF IRON reality by current Republican President Bush
Bush Sends Congress $2.90T Spending Plan
WASHINGTON (AP) - President Bush on Monday unveiled a $2.9 trillion spending plan that devotes billions more to fighting the war in
Bush's spending plan would make his first-term tax cuts permanent, at a cost of $1.6 trillion over 10 years. He is seeking $78 billion in savings in the government's big health care programs - Medicare and Medicaid - over the next five years………
….Just as
For the first time, the Pentagon included details for the upcoming budget year on how much the
The Bush budget includes just $50 billion for the
"There will be no timetable set," Bush told reporters. He said that would send the wrong signal to the enemy, the struggling
Bush projected a deficit in the current year of $244 billion, just slightly lower than last year's $248 billion imbalance. For 2008, the budget year that begins next Oct. 1, Bush sees another slight decline in the deficit to $239 billion. He sees that decline continuing over the next three years until the budget records a surplus of $61 billion in 2012, three years after Bush has left office.
Bush projects government spending in 2008 of $2.9 trillion, a 4.9 percent increase from the $2.78 trillion in outlays the administration is projecting for this year. However, the administration notes that the 2007 total is only an estimate, given that Congress is still working to complete a massive omnibus spending bill to cover most agencies for the rest of this fiscal year.
To help achieve what would be the government's first surplus since 2001, Bush is proposing $95.9 billion in savings in mandatory spending, the part of the budget that includes the big benefit programs of Social Security and health care.
Medicare, which provides health insurance for 43 million older and disabled Americans, would see the bulk of those savings - reductions of $66 billion over five years. That would come about primarily by slowing the growth of payments to health care providers.
Additional savings would be achieved by charging higher income Medicare beneficiaries bigger monthly premiums.
While Bush said something had to be done to get control of spiraling health care costs, Congress refused to go along last year with Bush's effort for smaller reductions in Medicare.
Bush would seek to eliminate or sharply reduce 141 government programs for a five-year savings of $12 billion. But many of those reductions he has proposed in past budgets - only to see them rejected by Congress.
Bush once listed overhauling Social Security as the No. 1 domestic priority of his second term. But his effort two years ago to accomplish this goal by diverting some Social Security taxes into private investment accounts went nowhere in Congress. He included the private accounts again in this year's budget. But to minimize the impact, he only showed the program taking effect in 2012, when the private accounts would cost $29.3 billion.
The president's budget also includes an initiative to expand health care coverage to the uninsured through a complex proposal that would give every family a $15,000 tax deduction for purchasing health coverage but would make current employee-supplied health coverage taxable for certain taxpayers.
Bush is also proposing to increase the maximum Pell grant, which goes to low-income students, from the current $4,050 to $4,600. Democrats are pushing for even larger increases.
Bush's energy proposals would expand use of ethanol and other renewable fuels with a goal of cutting gasoline use by 20 percent over the next decade.
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