Broder examines the new budget:
What does it do about the deficits? If you believe Putnam, House Majority Leader Tom DeLay and other Republicans, this budget “reduces the deficit in half over four years.”
But if you read the fine print, here’s what you find: The budget envisages the national debt increasing by $683 billion next year; by $639 billion the second year; by $606 billion the third year; by $610 billion the fourth year; and by $605 billion the fifth year.
As Sen. Kent Conrad of North Dakota, the ranking Democrat on the Budget Committee asked, “Where is the deficit cut in half?”
I wonder if some of these leaders could have made it through high school if they’d grown up in the “No Child Left Behind” era.
Oh, and there’s this from Cato:
President Bush has presided over the largest overall increase in inflation-adjusted federal spending since Lyndon B. Johnson. Even after excluding spending on defense and homeland security, Bush is still the biggest-spending president in 30 years. His 2006 budget doesn�t cut enough spending to change his place in history, either.
Total government spending grew by 33 percent during Bush�s first term. The federal budget as a share of the economy grew from 18.5 percent of GDP on Clinton�s last day in office to 20.3 percent by the end of Bush�s first term.
I guess President Clinton’s “the era of big government is over” was over once he left office.