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y2karl (2)

A new poll finds that the American public would significantly alter the Bush administration’s recently proposed federal budget. Presented a breakdown of the major areas of the proposed discretionary budget and given the opportunity to redistribute it, respondents made major changes. The most dramatic changes were deep cuts in defense spending, a significant reallocation toward deficit reduction, and increases in spending on education, job training, reducing reliance on oil, and veterans. These changes were favored by both Republicans and Democrats, though the changes were generally greater for Democrats.
What America Gets Right (pdf) via The Gadflyer
posted by y2karl on Mar 8, 2005 - 49 comments

A flood of red ink This time the turnaround will be much tougher. There will be no “peace dividend” from the end of the cold war (indeed, the pressure on military spending may continue to increase). America is unlikely to see another stockmarket bubble, with its surge in tax revenues. As baby-boomers retire, the pressure from entitlement spending will be more acute. Set against this background, the path back to a sustainable fiscal policy will be extremely painful, even without any dramatic fiscal crisis. Long after Dubya is back on his ranch, Americans will be trying to recover from the mess he created.
posted by y2karl on Nov 6, 2003 - 35 comments