Thursday, September 22, 2005

Bad Math?

Newsweek's got it on their cover, and I think they ask it best:

Katrina
+ Iraq
- Taxes
--------
= How Much?

This was the same problem in the election last November--neither Kerry nor Bush was willing to tell the public the truth: that we all need to dig deep and make a sacrifice, because, whether we initially supported it or not, we're in this conflict in Iraq now for better or for worse, and are now faced with the awful consequences of a horrible hurricane season. What's maddening is not ONLY that Bush continues to trim taxes, not ONLY that he doesn't seem to see the horrific budget practice that this is, but that, even if he does, he doesn't seem to be able to find the spine to face the public and tell us like a man that we'll all need to step up and take a hit--yes, in our blessed pocketbooks--for our country.

This from a schoolteacher who's the sole financial provider for his family. Trust me; I KNOW about budgeting, and this ain't it.

Or, for a slightly more (ahem) spirited commentary on the subject, see here (wait for it to finish loading; it'll scroll down to the relevant post).

4 comments:

Laura said...

Aye yes...it would be good to CUT SPENDING right now wouldn't it...

(Instead of signing ridiculously bloated highway bills with financing for "bridges to nowhere.")

Bushie needs to live on my budget for a month...then maybe he'll get it. LOL!

Anthony said...

I say we cut the military budget by a cool $100b and cut exemptions on corporate and business taxes that are above $1m. That should bring some money into the treasury.

But there is one problem: The government is run by folks who make lots of money off of military purchases and whose companies pay taxes.

My guess is congress will cut spending on infrastructure, education grants, and the arts and humanities (bye, bye Elmo).

Mimi said...

I don't understand why basic budgeting isn't a skill practiced by the government - but I guess it's easier to give everyone what they want and worry about it later.

Rhology said...

How about just cutting spending instead of raising taxes?
Raising taxes is bad fiscal policy anyway.