The insanity of the US budget in a nutshell
by skeptic06, Thu Apr 06, 2006 at 10:26:42 AM EDT
The Times provides the Cliff Notes.
Because only 20% of the budget is discretionary spending, and so much of that is corporate welfare, but soaring deficits require genuflection to the goddess Prudence, the ax falls on on programs that are penny-ante in relation to the overall $2.7tn budget, but screw the bejazus out of thousands of low-income folks.
(The Medicaid cuts in S 1932 being a recent case in point.)
The only way to start to move to budgetary sanity is a complete A-Z review of military programs (with all contracts for duff, inappropriate or overpriced kit being cancelled) and a swift movement to a single-payer universal health care system.
(As was discussed ad nauseam during the Bush social security circus last year, the real long-term runaway spend comes with Medicare, not SS.)
Of course, neither will happen in this universe. Certainly not until there's a credit crunch precipitated (probably) by Uncle Sam's Asian financiers, and there's no more money for anything. And then only after a great deal of financial pain is suffered, most acutely by those least able to bear it.