November 15, 2005

Congress is not serious with current budget bill

Many Congressional Republicans are trying to override their moderate Republican brethren, to pass tax cuts totalling $70 billion in the Budget Reconciliation bill. So far, they have worked out cost cuts in the same bill totalling $50 billion. If my second grade math is correct, our federal budget would net a loss of $20 billion! Surely, next year's incumbents realize that we have a national debt already of over $8 trillion! They are clearly sending the message to their constituents that our federal short-term and long-term fiscal condition in these United States is perfectly fine.

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