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8/06/2003 04:38:00 PM | Timothy

Cato Institute Slams Bush (via dailykos)
The Bush administration's newly released budget projections reveal an anticipated budget deficit of $450 billion for the current fiscal year, up another $151 billion since February. Supporters and critics of the administration are tripping over themselves to blame the deficit on tax cuts, the war, and a slow economy. But the fact is we have mounting deficits because George W. Bush is the most gratuitous big spender to occupy the White House since Jimmy Carter. One could say that he has become the "Mother of All Big Spenders."[...]
That the nation's budgetary situation continues to deteriorate is because the administration's fiscal policy has been decidedly more about politics than policy [...]
Such blatant political maneuvering can only be described as Clintonian.
But perhaps we are being unfair to former President Clinton.
After all, in inflation-adjusted terms, Clinton had overseen a total spending increase of only 3.5 percent at the same point in his administration. More importantly, after his first three years in office, non-defense discretionary spending actually went down by 0.7 percent. This is contrasted by Bush's three-year total spending increase of 15.6 percent and a 20.8 percent explosion in non-defense discretionary spending.
I'm sure about this, but does that mean discretionary spending has increased more than defense expendatures? In any case, it is clear that this is not due to the war on terror. And from a libertarian think-tank.



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