|
Tuesday, September 04, 2007
Bush Has No Conception of Magnitude of Budget
President Bush, August 2, 2007:
Unfortunately, Democratic leaders in Congress want to spend far more. Their budget calls for nearly $22 billion more in discretionary spending next year alone. These leaders have tried to downplay that figure. Yesterday one called this increase -- and I quote -- "a very small difference" from what I proposed. Only in Washington can $22 billion be called a very small difference.
Far be it from me to suggest that $22 billion isn't a lot of money. I will, however, agree that a difference of $22 billion can be "a very small difference." Allow me to illustrate:
| $22 Billion in Context - As Percentage of Various Spending Items |
| Spending Item | Amount in Billions of Dollars | Percentage of Item |
| Anticipated FY2008 War Supplemental | 200 | 11.0 |
| President's Defense Budget Request | 463 | 4.8 |
| President's Discretionary Budget Request | 933 | 2.4 |
| Congressional Discretionary Budget Resolution | 955 | 2.3 |
| President's Budget Request | 2,900 | 0.8 |
Posted by Craig Jennings
|