On the recordFebruary 14, 2008
This past week, President Bush submitted to Congress his last budget for the Federal Government. It is a revealing document that pretty clearly demonstrates the priorities of this administration. It used to be that budgets were designed to rein in the Federal deficit. Under this administration, budget after budget has been submitted that would, if enacted, widen the deficit. We know 7 years ago, when President Bush took the oath of office in January 2001, we had a huge Federal surplus. Today, we have a huge Federal deficit that will be a burden on the backs of our children and grandchildren. While funding for programs to help middle-class families hard hit by stagnant wages would be slashed by the President's budget, he gives enormous tax cuts to people who don't need them--and generally didn't ask for them--the wealthiest 1 percent of the population. They simply don't need a tax cut. In 2009, the President will give tax cuts of $51 billion to those people making over $1 million a year--again, that is $51 billion for those making over $1 million a year. Yet he is cutting $15 billion from many of the programs that I am going to mention. Perhaps most disconcerting are the President's cuts in Federal programs that serve rural America. The President has failing grades on his budget and what it does. He gets an F in health care, an F in education, an F in law enforcement, and an F in economic development.
Source
govinfo.gov




