5
Apr
2005

Spending, not tax cuts, has sent federal deficit spiraling

by Stephen Moore

Heartland Institute

04/05

You know that fiscal sanity has flown south for the winter when Nancy Pelosi and Ted Kennedy are throwing eggs at the Republicans for their budgetary recklessness. Kennedy has been on a tirade about how George Bush took a $200 billion budget surplus and converted it into a $400 billion deficit. President Bush released his 2006 budget of the United States government on February 7. Bush requested just over $2.6 trillion in spending. That's $2,600,000,000,000. If a Democrat proposed a budget this size, Republican fiscal hawks would squawk to the rafters of the Capitol Dome in protest. This is more money than the federal government spent in its first 120 years combined!

http://www.heartland.org/Article.cfm?artId=16780


Informant: Thomas L. Knapp
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