Um… it’s the Republicans who are supposed to be the party of fiscal conservativism, right?
President Bush is sending Congress a $3 trillion spending blueprint that would provide a big boost to defense and protect his signature tax cuts.
It seeks sizable savings in government health care programs and puts the squeeze on much of the rest of government, but it would still generate near-record budget deficits over the next two years.
In the wake of 9/11, with the nation rallying behind him, President Bush used his political capital to slash taxes on the wealthy and ask Americans to go shopping. And folks wonder why our economy is heading toward a precipice?