Re: Why Conservatives Should not Vote for Bush This November

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Article #833

#833

From: Uncle Samuel
Date: Mon, 01 Nov 2004 17:18

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Jon wrote:

> 
> Bush has no fiscal control.

http://www.taxfoundation.org/2004budgetperspective.html

It is important to put the current budget proposal into historical 
context. To do so, it is necessary to translate current spending and 
revenue proposals into real terms either by adjusting for inflation or 
by expressing the proposal in terms of the broader economy. Looking 
merely at the budget in nominal terms that do not account for inflation 
or economic growth is misleading and inaccurate. The table below 
contains information about the current budget in the context of the 
post-World War II era and the past three administrations. Highlights 
include:

The President�s budget proposes spending $390.4 billion on defense 
related activities in FY 2004. This amounts to 17.5 percent of all 
spending and 3.5 percent of GDP.

-This level is roughly the same as defense spending was in 1996, which 
amounted to 17.0 percent of all federal spending and 3.5 percent of GDP.

-Defense spending in 1987, the height of the Reagan build up, was 28.1 
percent of all federal spending and 6.1 percent of GDP.
The President�s budget proposes a fiscal year 2004 budget deficit of 
$307.4 billion, which is 13.8 percent of all spending and 2.8 percent of 
GDP.
-This level is roughly the same as the deficit was in 1994, which 
amounted to 13.9 percent of all spending and 2.9 percent of GDP.

-Deficit spending in 1983, the highest point during the Reagan 
administration, was 25.7 percent of all spending and 6.0 percent of GDP.

-- 
��ࡱ�

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From: Uncle Samuel <Stars@Stripes.USA>
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Subject: Re: Why Conservatives Should not  Vote for Bush This November
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Date: Mon, 01 Nov 2004 17:18:38 GMT

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