The Big Picture May Seem Rosy, but the Deficit Is in the Details
NY Times | The Devil is in the Footnotes
The budget is notable for including limits on spending that are unlikely to be enacted and for excluding expenses that are sure to be incurred. Here are the most important points:
. It assumes that all discretionary spending outside of military and domestic security - everything from paperclips to space shuttles - will be frozen for the next five years.
. It includes no spending for the war in Iraq and Afghanistan in 2006. Those costs are now running about $5 billion a month and are likely to continue at some level in the 2006 fiscal year and beyond.
Actually, that last point has become a traditional feature of Bush budgets.
--Because, of course, if we don't budget for it, then it doesn't really exist. Duh. C'mon, TJ, if you *really* wanna be a Republican, you've gotta think like us! Well, just 'me' now, I guess, since you lured Phil over to the left. Me and the Messenger of Death... -BAM