New US Budget, New Record Budget Deficit

**Hurin_Rules** · 02-07-2006, 02:31

To the tune of $423 Billion.

Large cuts to education (28%) and medicare, large increases in defense spending.

http://www.msnbc.msn.com/id/11100952/

**Xiahou** · 02-07-2006, 03:02

Originally Posted by Hurin_Rules

To the tune of $423 Billion.

Large cuts to education (28%) and medicare, large increases in defense spending.

http://www.msnbc.msn.com/id/11100952/

Still far too many pork projects. But, passing any budget cuts at all is an achievement. Good work cutting education though- that's just flushing money down the toilet anyhow. Take that NEA.

**Lemur** · 02-07-2006, 03:04

Me and the 3% of Americans who care about budget deficits are gonna bring the noise. Watch out, porksters! The 3% nation of fiscal responsibility will rock your world!

**Don Corleone** · 02-07-2006, 03:26

I think there's more of us than you think Lemur. I'm with you. I don't believe in defecit spending, and all these giveaways, like free viagra for Grandpa are just ridiculous. Did you guys know that according to the current IRS rules, certain tax credits can actually garner you a rebate for larger than the amount you owe?!?!

No kidding. Let's say you owe $5K in taxes. But you take the Childcare Tax Credit, and it gives you $8K. Even though you didn't pay 1 dime in taxes, the IRS will send you a check for $3K!?!?!?

If we're going to pass a law that we're going to pay people to put their kids into childcare, then we should do that. But tax credits, as defined, are a reduction of debt. Only to the fools in DC do they equate to an actual earning if they exceed your tax.

I'll grant you, spending on defense, especially with only $50 billion scheduled for Iraq when the most conservative estimates put the figure at 3x that, is getting completely out of control. But there's so many giveaways in the Federal budget now, it's hard to see how we're not all getting rich. And it's all just credit card debt. We're running up the tab for our kids to pay down.

**discovery1** · 02-07-2006, 03:52

And the vast majority of the young don't care nor do they even have a clue. It's pathetic. We are almost doomed.

**AntiochusIII** · 02-07-2006, 06:12

So that's why the schools' money have been rather annoyingly problematic lately. Sure, the Medicare thing really needs some major reforms, may be even with the entire thing crumbling down so to rebuild from scratch, but schools?

...

But hey, who needs education! Let's fight some freakin' wars instead! Oh, and build that new shiny plane that will never be worth the cost, too!

And here I am, damning myself to a massive national debt by moving here legally and applied for citizenship.

Count me in among the three percent of America who are concerned about this.