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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Selectric II who wrote (10464)	2/5/2002 4:35:34 PM
From: jttmab	Respond to of 93284

Some House Republican conservatives want to turn stalemate on stimulus into a balanced budget for the fiscal year that begins in 2003. The $77 billion earmarked in Bush's budget for the stimulus measure would bring the plan within $4 billion of balance, said Rep. John Shadegg, R-Ariz. "If the powers that be block a stimulus bill, then a balanced budget is within reach," said Shadegg, leader of a group of 70 House GOP conservatives. washingtonpost.com

To: Selectric II who wrote (10464)	2/5/2002 4:53:04 PM
From: jttmab	Respond to of 93284

Over the next 10 years, the administration projects that the budget will continue to eat into Social Security and Medicare payroll tax revenue every year, even if the budget overall returns to surplus. This means the goal of paying off the nation's public debt -- which a year ago appeared possible in the next five years -- has been indefinitely deferred. The failure to reduce the debt as planned will force the government to pay an additional $1 trillion in interest costs over the next decade. An extra trillion in interest costs! That's a Trillion Dollars of taxes to be paid. washingtonpost.com

To: Selectric II who wrote (10464)	2/5/2002 4:54:32 PM
From: jttmab	Respond to of 93284

Senator Kent Conrad of North Dakota, who heads the Budget Committee, said Mr. Bush would use more than $2 trillion of the Social Security and Medicare surpluses in the next decade to pay for other needs and make up for tax cuts. nytimes.com TWO TRILLION of SS and Medicare.

To: Selectric II who wrote (10464)	2/5/2002 4:56:40 PM
From: jttmab	Respond to of 93284

Over the next five years, in projections before policy proposals are taken into account, the White House also anticipates receiving $130 billion in higher revenue while spending $80 billion less on Medicare than projected by the congressional analysts. The forecasts are so tight over the next few years that such subtle disputes could mean the difference between deficits and surpluses. washingtonpost.com That's another $210 Billion you can plan on paying out in taxes.

To: Selectric II who wrote (10464)	2/5/2002 4:58:19 PM
From: jttmab	Read Replies (1) \| Respond to of 93284

Even so, many economists, including Federal Reserve Chairman Alan Greenspan, say a stimulus bill is less critical now that the recession is appears to be ending. washingtonpost.com

To: Selectric II who wrote (10464)	2/5/2002 5:00:59 PM
From: jttmab	Read Replies (2) \| Respond to of 93284

WASHINGTON -- Although Americans express resounding approval of President Bush's performance at home and abroad, an overwhelming majority would rather cancel later stages of his signature tax cut than tap Social Security revenue to pay for other government programs, a Los Angeles Times Poll has found. With war, the recession and the tax cut's cost straining the government's bottom line, the White House on Monday released a budget that projects Washington will need to divert $1.73 trillion in Social Security money to fund other programs through 2012. But in the Times survey, fully four-fifths of Americans--including more than two-thirds of Republicans--say they would rather defer tax cuts than use Social Security money that way. latimes.com

To: Selectric II who wrote (10464)	2/5/2002 5:17:00 PM
From: jttmab	Respond to of 93284

The $73.5 billion [Proposed by the Bush Administration] would represent a 78 percent increase over the spending required by existing farm programs, which expire Sept. 30. newsday.com