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Politics : PRESIDENT GEORGE W. BUSH
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To: Neeka who wrote (291025)8/28/2002 4:13:47 PM
From: Steve Dietrich   of 769670
 
I've been over this territory before, so i'll try to be brief.

One example is the tax cut. Bush was required by the budget he signed that his cut be 1.3 trillion dollars over 10 years. Instead of offering an honest fiscally responsible tax cut, he cheated. They pretended that after 9 years taxes would go back to 2000 levels. Had they counted the 10th year honestly (the 10th year being the most expensive of them all) the cut would've exploded the 1.3 trillion dollar limit. To prove their willful dishonesty, they immediately started working to make the cuts permanent, showing that the repeal was just an accounting gimmick. Furthermore they failed to address the AMT which we all know must be dealt with, and will cost us even more revenue.

When offering his budget surplus estimates Bush used a particular estimate for projected gdp growth. When Bush offered a report on SS he used different, far more pessimistic estimates for gdp growth. Using different growth estimates over the same period of time to get the desired results (big budget surplus, small SS revenue) is about as dishonest as you can get.

Also, ask yourself why every independent non-partisan analysis of the budget finds Bush's projections to be wildly optimistic. Even the Republican House's CBO finds Bush's numbers to be unrealistic.

In fact, in a recent report offered by the White House which said 40% of the projected surplus reduction was due to Bush's tax cut, the summary page lied and said it was only 1%. They even lie about their own reports.

I guess i wasn't very brief after all. There's plenty more if you actually care.

Steve
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