WASHINGTON -- Each February, the president proposes a budget for the next fiscal year and each year the cost of government grows larger and more wasteful than ever before.
This year's budget request is a whopping $2.9 trillion, a sum of money that is incomprehensible to most people and to most lawmakers, too. The growth in federal spending has grown exponentially in the past decades and continues to gather speed. When Jimmy Carter left office, the annual budget was a mere $600 billion. When Ronald Reagan ended his eight years in office, it was about $1 trillion. By fiscal year 2008, the yearly spending bill will have grown by nearly $2 trillion over an 18-year period.
There is much in this budget, as in any other, that the American people could do without, and, over the years, I've written about these programs in my columns and in several books, including one titled "Fat City: How Washington Wastes Your Taxes."
But the complaints coming out of the new Democratic Congress about President Bush's latest budget aren't about wasteful spending so much as they are about his so-called "rosy numbers" on future revenue growth and grouching about not enough spending for this or that domestic agency or program.
Yet even a cursory examination of the budget shows immense sums of money going to some of the most popular domestic programs, largely the entitlements whose yearly costs are skyrocketing: $612.5 billion for Social Security, nearly $400 billion for Medicare, $381 billion for unemployment benefits and welfare, $281 billion for Medicaid and other health care, $83.4 billion for veterans benefits and $82.7 billion in federal aid to education.
Throw in another $481 billion for defense costs to protect us from bad people, plus another $142 billion to fight the terrorists in the wars in Iraq and Afghanistan, plus $261 billion in interest payments for the national debt and relatively little is left for other things.
Conservatives have been among Bush's fiercest critics because they say he has done nothing to reduce spending, and that's a fair complaint in his early years, though this budget seeks to hold the line on discretionary non-defense spending overall.
However, at the outset of his presidency, Bush made one massive spending cut that doesn't show up as a budget reduction in the annual documents sent to Congress. And that's the tax cuts he enacted in 2001 and 2003 -- between $1.2 trillion to $1.7 trillion, depending on whose numbers you accept, over 10 years. Friends and foes alike consider these tax cuts, but they are also budget cuts, too, because if Bush had not succeeded in reducing the tax rates on income, capital gains, dividends and other sources of income, most of that money would have been spent by Congress.
Jon Stewart Attempts to "Slay" Food Stamp Fraud Allegations; Misses Real Point | Christine Rousselle
Rand Paul on NSA: “I Believe What You Do on Your Cell Phone is None of Their Damn Business” | Daniel Doherty