- John Kerry: Statement by John Kerry on the President’s Budget There’s nothing fiscally responsible here. It’s textbook Washington bait-and-switch budgeting that puts special interests ahead of families. The administration is sweeping under the carpet the huge costs of some of their most reckless policies, and is doing next to nothing to rein in out-of-control spending in Washington. It will cost $1.6 trillion to make the President’s tax cuts permanent, but there’s not a penny in the budget to pay for them. It will cost $1.9 trillion to privatize Social Security accounts, but there’s not a penny in the budget to pay for that ideological blunder. Americans are spending $5 billion a month in Iraq, but there is not a penny in the budget to fund the war. The numbers simply don’t add up, and the American people deserve better.
That’s about what I thought of the budget. Also, apparently most presidents prepare a 4-5 year budget while this one has only prepared 1 year. And he also has not included all the costs as shown in Kerry’s statement above. We can only hope that Congress makes things slightly better, but don’t hold your breath.