A Bushed Budget

Maxspeak on Bush budget options,

"The Bush administration says spending discipline can forestall the projected deficits. The fact is that high and growing deficits remain in the cards even with extraordinary spending restraint. Without tax increases or politically unpalatable service cuts, the only source of savings is a gigantic, wholly improbable 75 percent cut in so-called 'discretionary spending' -- the kind of spending used to finance rockets to the moon.

Of course, Congress just added a new entitlement -- the drug benefit. Unless they opt to pay for it by reducing benefits for the tens of millions of baby boomers who will be retiring soon, the only alternative is tax increases."