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Politics : THE WHITE HOUSE -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (16721)	2/4/2008 5:36:46 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 25737

Concord Coalition highlights some problematic assumptions that the President makes in his new budget projections: Four key assumptions used in the President's budget to show balance by 2012 produce savings on paper that will be very difficult to achieve in reality. Specifically, the budget assumes: 1. A revenue windfall from the Alternative Minimum Tax (AMT) 2. A sudden drop in new funding for the wars in Iraq and Afghanistan (from nearly $200 billion in 2008 to zero in 2010) 3. Substantial programmed cuts in Medicare physician payments, and 4. Annual reductions in non-security appropriations beyond 2009 · The cumulative budget savings from these assumptions is roughly $1.2 trillion over 5 years and $277 billion in 2012 alone. "The president's budget does not provide a realistic path to fiscal balance, in either the short term or the long-term, but it does demonstrate how difficult the choices are becoming....