Tuesday, February 07, 2006

Musings 107--Hiding the aftermath...

There is much about the Bush Administration that makes many of us seethe in anger. It is the unseen, however, that may very well cost our nation dearly.

In publishing his budget, Bush jr. left out a crucial page showing the future impact of his programs. (See Link)

It seems the real sting of the permanent tax cuts to the rich don't pop up until 2011. Bush leaves office in 2008. Some poor smuck will have to answer for Bush jr's folly several years down the road. It just keeps getting better and better.

Here is a quote from the linked article:

"If Congress makes Bush's 2001 and 2003 tax cuts permanent, most of the impact won't be felt until after 2011, long after the president has left office," the financial news service writes. "Some of the tax reductions are due to expire at the end of 2008 and the rest in 2010."

The loss of revenue between 2012 and 2016 is projected at $1.2 trillion.

Hey, it's only money! Little bits of green paper...ha!


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