Brilliant blog from Alternet on the proposed budget, laying out Bush’s giveaways to the rich and how he’ll pay for them:
[quote]Even if you’re a traditional, Barry Goldwater conservative, the kinds of budgets that Bush has sent to the hill not only this year but this whole century are the worst-case scenario; they increase spending generally while cutting taxes and social programming. They commit taxpayers to giant subsidies of already Croseus-rich energy corporations, pharmaceutical companies and defense manufacturers while simultaneously cutting taxes on those who most directly benefit from those subsidies. Thus you’re not cutting spending – you’re just cutting spending on people who actually need the money. (According to the Washington Times, which in a supremely ironic twist of fate did one of the better analyses of the budget, spending will be 1.6 percent of GDP higher in the 2008 budget than in was in 2000, while revenues will be 2.6 percent of GDP lower). [b]This is something different from traditional conservatism and something different from big-government liberalism; this is a new kind of politics that transforms the state into a huge, ever-expanding instrument for converting private savings into corporate profit.
That’s not only bad government, it’s bad capitalism. It makes legalized bribery and political connections more important factors than performance and competition in the corporate marketplace.[/b] Beyond that, it’s just plain fucking offensive to ordinary people. It’s one thing to complain about paying taxes when those taxes are buying a bag of groceries once a month for some struggling single mom in eastern Kentucky. But when your taxes are buying a yacht for some asshole who hires African eight year-olds to pick cocoa beans for two cents an hour … I sure don’t remember reading an excuse for that anywhere in the Federalist Papers.