Posted January 23, 2007 8:29 PM
Posted by Frank James at 8:25 pm CST
I don't know if it's news, but Bush said he was going to introduce a budget soon that would balance the federal budget in five years. That of course, would be three years after he's back at the ranch in Crawford, Tex. for good as a former president.
I wonder what the assumptions are behind his idea of balancing the budget in five years? Does he assume that the capital gains and other tax cuts that sunset in 2011 will be extended, as he has insisted is necessary, or is he banking on those cuts phasing out to help bring in the necessary revenue to get to balance?
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Comments
It will take mass hypnosis. Mr. Bush is very good with things like this. He has created mass hysteria so that we all live like it's sept 12th.
Posted by: bill r. | January 23, 2007 8:40 PM
It's like sweeping the street after the circus parade.
Posted by: Kenny Bunkport | January 23, 2007 9:00 PM
He's banking on pawning the dire budgetary situation and responsibility for it off on the current Democratic Congress and the (likely Democratic) President to follow.
Its an accountability-free promise. Can't lose. If its unfulfilled it will be someone else's fault, if it is achieved, he will attempt to take the credit no matter how implausible.
Posted by: Bryan | January 23, 2007 10:30 PM
He wants to balance the budget by taxing our health insurance.
Posted by: bb | January 24, 2007 7:34 AM
This one is so transparent it's invisible.
Posted by: C.Morris | January 24, 2007 8:24 AM
Budgets are submitted in five year increments.
He could balance the thing in two years if he cut or reduce the rate of gov't spending, because tax revenue growth is doing great.
Posted by: Terry | January 24, 2007 5:00 PM
Kenny,
No, he's having someone else clean up the streets after his elephant messed it up.
Posted by: Tom O | January 24, 2007 5:37 PM