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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (667716)	1/9/2005 3:44:07 AM
From: DuckTapeSunroof	Respond to of 769670

"said he wanted to take a close look at the new Medicare law, signed by Mr. Bush in 2003. ...It was supposed to cost $400 billion over 10 years, but new estimates show the costs could be 50 percent higher," It's about time. (The projected underfunded costs of Medicare are some 50% higher then the underfunded SS projected deficits... then, there is the REST of the federal deficit to consider.) IMO, it's a huge mistake to punt tax reform down the road (into a mid-term election year where it is unlikely to achieve much... being more likely used just for an election issue.) "Agricultural entitlements are crying out to be reformed," No kidding! Pork spending, corporate welfare, 'national industrial policy', and 'special tax preference items' --- otherwise know as 'loopholes' --- are all crying out for the budgetary axe. Given sufficient (and honest, not pandering) attention, we could actually windup with a drastically simplified, loophole-shorn, fairer tax code... with lower rates and hundreds of billions saved in compliance costs, and higher economic growth resulting from geting the government out of the business of picking the winners and losers. Unfortunately, I don't yet see the guts or sense of fairness in Washington to get it done....