I have been looking at President Bush’s 2007 Budget request to Congress. This document is a masterpiece of deception. Bush shows a projected deficit of $224 Billion which his supporters will point to as him keeping his promise to cut the budget deficit. NOT SO!
First let’s look at the Dept. of Defense. Bush is asking for $466 Billion. That amount DOES NOT include any money to fund operations in Iraq and Afghanistan for FY 2007. The estimate for that is $100 Billion. The CoS of the Army has said that the Army is under funded by at least $20 Billion for FY 2007. That would bring the amount for DoD to $586 Billion NOT $466 Billion as Bush shows in the budget. We now have a budget deficit of $344 Billion.
Next Bush subtracts the $200 Billion annual surplus from Social Security and Medicare from the budget even though they are SEPARATE trust funds supported by separate taxes and paid to only people eligible for those benefits. Thus Bush has understated the actual budget deficit by another $200 Billion for FY 2007.
Now the 2007 budget deficit is $544 Billion NOT $224 Billion. This administration does things in a BIG way. The lies about the budget and Iraq are WOPPERS. We need honesty from our government! I hope the Democrats will FORCE Bush to submit accurate information in the future!