The Denver Post, of all people, criticizes the Bush budget — Budget a blueprint for fiscal fantasy.
The $2.57 trillion budget that President Bush sent to Congress yesterday will draw fire from deficit hawks who see that it doesn’t give a realistic picture of what the government will spend in the upcoming fiscal year.
For example, the military deployments to Iraq and Afghanistan doesn’t enter into the balance sheet.
The Post concludes:
As a result of those cuts, U.S. tax revenue will fall to 17 percent of gross domestic product this year, down from 21 percent in 2000 and the lowest in four decades.
If the president and Congress continue insist on making those tax cuts permanent, the sea of red ink will continue rising.