This is "breaking" in the sense that it is recently released, but "breaking credibility" would more accurately describe the situation.
"Bush Wants Balance Budget by 2012" (sic)
This, from the son of the President who called Reagan's plan to increase spending, lower taxes, and balance the budget "Voodoo Economics."
Bush 41 was right, on this issue. Reagan was wrong. Bush 41 actually consented to repeal some of the tax cuts made under Reagan and the conservative base went nuts over his "going back on his word" to not raise taxes.
Now, in the twilight of his reign, Bush 43 has gone through the looking glass on economic policy as well as foreign policy.
Link to one reprint of the AP story is here:
Bush 43 went to school on these events of Regan and Bush 41. Bush 43 has come to the office and raised spending, with the help of his allies in the former Republican Congress while cutting taxes.
And he didn't just cut any old taxes, he made sure that he cut taxes that would give most of the savings to the Plutocrats that fund his party.
Now, he appears to have decided he was wrong about his budgetary policies.
Listen to this!
2 hours ago
WASHINGTON - President Bush said Wednesday he'll submit a proposal to balance the budget in five years and exhorted Congress to "end the dead of night process" of quietly tucking expensive pet projects into spending bills.
That's right! No more late night earmarks. Now that those earmarks won't go to his political allies it is time to find moral and fiscal restraint!
And maybe, just maybe, he will include the war in the budget.
Lawmakers and the independent, bipartisan Iraq Study Group have criticized the Bush administration for funding the war through emergency supplemental bills, instead of including the costs in the administration's yearly formal budget request for running the government. That means the full cost of the war is not included in the administration's deficit calculations, and are not subject to overall spending caps.
Congress is expected to get another such emergency request soon. The Pentagon says it needs $100 billion more to fund the wars in Iraq and Afghanistan through the end of September, adding to the $350 billion the Iraq war alone has so far cost the nation.
Not just 3,000 dead Americans, and who knows how many dead Iraqis, not mention the wounded on both sides, mental and physcial. Not just a destruction of U.S. credibility in the world, but a fiscal disaster as well.
350 billion, and that is a low figure ladies and gentlemen.
Now that he has lost his Rebpublican majority in Congress, look what Mr. Bush has discovered!!!!
He said fiscal restraint is one area where the executive and legislative branches of government can work together.
"People want to end the secretive process by which Washington insiders are able to get billions of dollars directed to projects _ many of them pork-barrel projects that have never been reviewed or voted on by the Congress," he said.
So Mr. Bush, where was this rhetoric last year? Or the 5 years before that?
I just hope there is a large portion of the budget used to fund investigations of the junta that has been running the country since 2000.