Dems Agree on $2.9 Trillion Budget

Discussion in 'Politics' started by red states rule, May 17, 2007.

  1. red states rule
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    red states rule Senior Member

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    WASHINGTON (AP) - Congressional Democrats Wednesday announced agreement on a $2.9 trillion budget blueprint for 2008, promising a budget surplus in five years but only by allowing some of President Bush's tax cuts to expire.
    The nonbinding plan, to be officially released later Wednesday, caps weeks of private negotiations and paves the way for action this summer on annual spending bills totaling $1.1 trillion for the coming fiscal year.
    The Democratic budget promises a $41 billion surplus in 2012, but does so by assuming taxes on income, dividends and stock sales go up in 2011 instead of being extended as called for by Republicans and Bush. Republicans credit the tax cuts, passed in 2001 and 2003, with reviving the economy, but most Democrats say they are tilted in favor of wealthier taxpayers.
    Tax cuts aimed at the middle class could be renewed under the compromise, including provisions establishing a 10 percent rate on the first $12,000 of a couple's income, as well as relief for married couples, people with children and those inheriting large estates.
    To extend the middle class tax cuts would cost about $180 billion over extending the rest of the 2001 and 2003 tax bills would cost about $240 billion over the same period.

    http://www.breitbart.com/article.php?id=D8P5JPP00&show_article=1

    I believe that is 100 billion more than this year's budget. So much for cutting the fat
     
  2. red states rule
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    red states rule Senior Member

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    I smell either a FILABUSTER in the Senate over this, or The President will get out the VETO pen.......again, and rightfully so.

    If this budget passes in any way. The COVER PAGE should include a large, glossy photo of either PORKY PIG......or MISS PIGGY!

    Pork Rinds anyone?
     
  3. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    Again?

    I don't watch the news much anymore, has he actually used the thing yet? It might have gotten lost under all the cobwebs and dust.
     
  4. no1tovote4
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    no1tovote4 VIP Member

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    The pay as you go promise seems to have been totally disregarded. What a shock.
     
  5. Care4all
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    Care4all Warrior Princess Supporting Member

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    how so?
     
  6. Dirt McGirt
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    Dirt McGirt Bad Mother****er

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    How so? The Republicans failed to make the tax cuts permanent. The taxes go back to the levels before they were cut, and the Dems are including those tax levels into the budget. Knowing the Dems, I'm certain there are going to be a lot of unnecessary spending programs in there, but technically it's still "pay as you go."
     
  7. red states rule
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    red states rule Senior Member

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    Pres Bush did veto the Dems surrender bill
     
  8. red states rule
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    red states rule Senior Member

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    Remember how the liberal media lecured Republicans to "work" with Dems?

    The only way to get the tax cuts passed at all was to put the sunset provision in the bill

    Dems need the money. After all, Dems can spend your money much more efficiently then you can
     
  9. William Joyce
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    William Joyce Chemotherapy for PC

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    But I at least know that this outrage is something that I, William Joyce, average citizen, can do something about. Because we -- you, me, all of us -- can stop this, if we just wish hard enough.
     
  10. zappaneese
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    zappaneese Rookie

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    it will be a stark contrast to all the fiscal responsibility we've enjoyed since 2000

    :eusa_whistle:
     

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