Representative Pete Stark of California, the senior Democrat on the Ways and Means Subcommittee on Health, said: "It is clear that President Bush intends to privatize Medicare. He's cleverly using the promise of a meager drug benefit as a bribe to push Medicare beneficiaries into second-rate, low-quality health plans, putting seniors at the mercy of health maintenance organizations and the big drug companies."
Not enough can be said about the abject irresponsibility of the lies told about the "stimulus package" which preferentially benefits the wealthiest 1% US households. Nancy Pelosi's on-camera disapproval recognized that W's statement — "This tax relief is for everyone who pays income taxes" — is a lie that shows utter contempt for working people who pay taxes on wages, not dividends.
The federal deficit is out of control, thanks to the Bush enrich-the-rich giveaway. Each new forecast increases the amount of money squandered on lavish financial gifts to the wealthy, we'll-prove-it-real-soon evidence of threats from Iraq, and highly politicized Christian initiatives. From CNN:
WASHINGTON (CNN) - The Congressional Budget Office increased its forecast for U.S. government deficits of $199 billion this year and $145 billion in 2004, affirming a bleak fiscal outlook already fueling battles over taxes and spending in the run-up to the 2004 presidential election.
In August, the CBO anticipated a deficit of $145 billion in 2003 and $111 in 2004.
In a report set for release later Wednesday, the CBO also predicted the 10-year U.S. cumulative budget surplus will rise slightly to $1.3 trillion from the $1 trillion it last forecast. As recently as 2001, the CBO saw 10-year surpluses of over $5.6 trillion. A CBO spokeswoman confirmed the contents of the report to CNNfn Wednesday.
Democrats generally blame President Bush's $1.35 trillion tax cut package in 2001 for the steep slide in the U.S. fiscal position and say the $674 billion in new tax cuts he recently proposed will only dig the deficit hole deeper.
Republicans counter that tax cuts, coupled with strict government spending restraint, will help the sluggish economy grow and, ultimately, move the budget back toward balance.
In two years, a move from $5.6 trillion in surplus to $1.3 trillion in surplus. Where did the missing $4,300,000,000,000.00 go? Market ruptures and wealth disappearance due to corporate fraud by the likes of key campaign contributor Ken "Kenny Boy" Lay? Tax cuts for the families — and the heirs — of Bill Gates and George H. W. Bush? War plans? All of the above.
The compassion in W's conservatism is directed toward a small and tight-knit corporate elite, who plan to use American citizens' lives to build its wealth and secure its borders, and then burn and bulldoze their bodies into mass graves once they have served their noble purpose.