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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.

Like duh.....

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.

Originally posted to 7November on Wed Jan 03, 2007 at 02:23 PM PST.

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Comment Preferences

  •  Right (3+ / 0-)

      I believe that headline as much as I believe "Breaking: Democrats to call for teaching of Creationism in 2010"

      That damn sure won't happen. Neither will Bush's pathetic efforts to balance his budget (while he cuts Enron's taxes again)

  •  dejavoodoo all over again. (4+ / 0-)

    I would have included more substance but I had to post this from a computer other than my own and I figure most of this is familiar material to most on this site.

    "We will now proceed to construct the socialist order."

    by 7November on Wed Jan 03, 2007 at 02:21:00 PM PST

  •  Turd n/t (0+ / 0-)

    Disease is a liberal plot.

    by otto on Wed Jan 03, 2007 at 02:22:32 PM PST

  •  For the Prez (4+ / 0-)

    Fiscal restraint has nothing to do with restoring taxes or ending tax breaks.  It is code for trying to end social programs.  He will say he is balancing the budget while he continues to try to gut our safety net (more) and when the Democrats cry foul he will say, "Well, I tried to balance the budget!"

    There are bagels in the fridge

    by Sychotic1 on Wed Jan 03, 2007 at 02:23:22 PM PST

  •  Approximately $2 billion/week. (1+ / 0-)
    Recommended by:

    That's been the cost of the Iraq War based on

    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.

    I bet I could have put that money to good use.  Or not--even just keeping it in the treasury would have been better.

    I would rather be exposed to the inconveniences attending too much liberty than those attending too small a degree of it. -- Thomas Jefferson [-4.25, -5.33]

    by GTPinNJ on Wed Jan 03, 2007 at 02:23:50 PM PST

  •  With any luck, (3+ / 0-)

    Bush won't be president in 2012, so how he proposes to balance the budget by 2012 is beyond me.  See my new signature.

    Democrats: Cleaning up Republican messes since 1933.

    by DCDemocrat on Wed Jan 03, 2007 at 02:23:53 PM PST

  •  Unless and until Karl Rove leaves the White House (1+ / 0-)
    Recommended by:
    Asinus Asinum Fricat

    I will assume Bush's major policy announcements are vetted or generated through his office.

    Bush gave Rove his public dressing-down, but he's. still. there.

    "No man should have to clean up after another man's dog." --President Gerald R. Ford

    by Mogolori on Wed Jan 03, 2007 at 02:24:31 PM PST

  •  So let me get this straight... (2+ / 0-)
    Recommended by:
    bobinson, bluewolverine

    Dems were voted in to get the corrupt party that has led things for 14 years out, and Bush thinks he can trailblaze by cluing the Dems in on what needs to be done to avoid the stench of corruption?

    He thinks we need HIM to tell us about corruption, cautioning the Dems not to do it as if they were about to?

    He dares to think we need HIM to interpret our wishes?

    Well, yeah, he's the guy that would know corruption.  But you'd think he would have tried this line on the class of 2005, not the class of 2007...I think they REALIZE there has been corruption, George.  And that there still is, in the Executive branch.

    Oh, and watch out for flying subpoenas.  They'll be coming fast.

    Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.

    by Stymnus on Wed Jan 03, 2007 at 02:29:16 PM PST

  •  Timing (0+ / 0-)

    figures.  Didn't the Mayan predict the end of the world in 2012?

    Bush = Day late, dollar short.

  •  Almost forgot.. (1+ / 0-)
    Recommended by:

    By saying that HE is going to see that the budget is balanced by 2012, what he's trying to line up is that if Congress manages to get this mess back in line, he can somehow try to claim credit.

    As if.  Sorry George, this mess is your legacy.  So is Iraq.  Dig in, bon appetit..

    Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.

    by Stymnus on Wed Jan 03, 2007 at 02:30:59 PM PST

  •  LOL! (1+ / 0-)
    Recommended by:

    What a pathetic little person this man is.

  •  Another instance (2+ / 0-)
    Recommended by:
    bobinson, vacantlook

    where the press is failing to do its job.  Bush is the guy who took  the biggest surplus in history and turned it into the biggest deficit in history. Bush is the guy who will run up more debt in 8 years than all the other presidents in history, combined. All this red ink comes from one thing and one thing only - his irresponsible tax giveaways to Paris Hilton, Mary Cheney, the Bush twins, etc.  To publish a story about his promise to balance the budget years after he has left office without pointing out that this mess is 100% his fault, is both ridiculous and incompetent.

  •  We need a spokesman! (1+ / 0-)
    Recommended by:

    It occurs to me - not for the first time - that we really need someone immediately available who can get the word out, who'll reply to such "half-true and wholly false" statements, point out the indecency of only asking to end earmarks now that "his guys" won't get anything out of it, and draw attention to the fact that if we ended tax-cuts we could balance the budget much faster.

    Like the post-SOTU reply. We need more of that. Don't we have any friendly eminences that the world would like to hear from? His popularity is so low that you'd think a post-speech reply would get great ratings!

  •  remember the old goalposts... (0+ / 0-)

    ...3 or 4 years ago he said he would cut the deficit in half in 5 years. Now it's the whole enchalada 3 years after he's out of office? What are these people smoking? Their credibility was gone long ago, now they're working on having no shame.

    Newest GOP slogan: Keeping Voter Turnout Low So That the Corporate Criminal's Grandchildren Never Have to Work.

    by bobinson on Wed Jan 03, 2007 at 02:38:26 PM PST

  •  yea sure - four years after he's out of office (0+ / 0-)

    the next preznit will do it

    -4.63,-3.54 If the people will lead the leaders will follow

    by calebfaux on Wed Jan 03, 2007 at 02:40:10 PM PST

  •  methinks there's a typo in the title (0+ / 0-)

    surely you meant to write 2021?

    we're shocked by a naked nipple, but not by naked aggression

    by Lepanto on Wed Jan 03, 2007 at 02:43:46 PM PST

  •  Ummmm... 2012? (1+ / 0-)
    Recommended by:

    That will be 4 years after he's outta here.

    He's had 6 years of a compliant, mostly Republican Congress who would do pretty much anything he said- why didn't he get 'er done then?

  •  Can't be "breaking" (0+ / 0-)

    Bush already broke the budget years ago.

  •  The definition of chutzpah (0+ / 0-)

    would be for Lizzie Borden to throw herself on the mercy of the court because she is an orphan.

    Pretty nervy to declare that you're going to balance the budget when you've been the direct cause of grossly UN-balancing the budget.

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