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President: Deficit will be cut in half in five years
Bush pushes second-term agenda
President: Deficit will be cut in half in five years
http://www.cnn.com/2004/ALLPOLITICS...h.ap/index.html
WASHINGTON (AP) -- President Bush said Monday he will submit a federal budget that will half the deficit in five years and maintain strict spending discipline.
"We will provide every tool and resource for our military, we will protect the homeland," Bush said. He said he would "maintain strict discipline in spending tax dollars."
In the 17th news conference of his presidency, Bush was pushing his second-term agenda.
Bush said he will submit a federal budget that will cut the deficit in half in five years and maintain strict spending discipline. His fiscal 2006 budget is due to Congress in February.
"We will submit a budget that fits the times. It will provide every tool and resource to the military, will protect the homeland, and meet other priorities of the government," he said.
With a growing number of lawmakers, including Republicans, voicing no confidence in Defense Secretary Donald H. Rumsfeld, Bush defended his Pentagon chief.
"Beneath that rough and gruff no-nonsense demeanor is a good human being who cares deeply about the military and the grief that war causes," Bush said, batting away criticism that Rumsfeld had not personally signed condolence letters to the families of troops who have died.
Rumsfeld agreed to Bush's request this month to stay in the Cabinet during the president's second term and has won repeated votes of confidence from the White House since.
Critics have raised questions about whether enough U.S. troops are in Iraq to bring security for the elections. More than 1,300 American troops have died since the war began in March 2003. Also, soldiers have complained about long deployments and a lack of armored vehicles and other equipment.
Rumsfeld agreed to Bush's request this month to stay in the Cabinet during the president's second term and has won repeated votes of confidence from the White House since.
Bush pointedly acknowledged that Iraqi troops are not ready to take over their country's security, and cautioned that next month's elections there are only the beginning of a long process toward democracy.
"I certainly don't expect the process to be trouble-free," Bush said.
"The elections in January are the beginning of a process and it is important for the American people to understand that," he said.
He said "I would call the results mixed" on a U.S. effort to put Iraqi security in the hands of its own people.
"When the heat got on, they left the battlefield -- that is unacceptable," he said. "We are under no illusion that this Iraqi force is not ready to fight in toto."
On Social Security, Bush said he recognized that there would be "difficult choices" but he wouldn't lay out specifics until Congress has a chance to address the issue.
"The first step in this process is for members of Congress to realize we have a problem," he said. Without any changes, Social Security would begin paying more in benefits than it takes in by 2018.
"The first step in this process is for members of Congress to realize we have a problem," he said.
Bush defended his close ties to Russian President Vladimir Putin, with whom he has had disagreements over the war on terror and, more recently, over the disputed elections in Ukraine.
"The relationship's an important relationship and I would call the relationship a good relationship," Bush said, adding that he's talked with Putin about getting Russia admitted to the World Trade Organization.
Bush also said he work toward giving both Russia and the United States equal access to nuclear storage sites.
Over the years, Bush has toned down criticism of Russia's campaign against separatist rebels in Chechnya, and Putin has acquiesced to U.S. troops being stationed in Central Asia, close to Moscow.
But earlier this month, Putin said he could not imagine how Iraqi elections that the Bush administration scheduled for January 30 could be held under "conditions of occupation by foreign forces," a reference to the United States.
Bush also defended his failed nomination of former New York City police commissioner Bernard Kerik to be the Homeland Security secretary. The controversy over the nomination raised questions about the ability of the White House to fully vet its nominees.
"In retrospect he made the right decision to pull his name down," Bush said. "The lessons learned is continue to vet and ask questions."
Bush didn't tip his hand about who might be nominated to be the new national intelligence director -- a post created by the largest overhaul of U.S. intelligence-gathering in a half century that Bush signed into law last week.
The new law creates a national intelligence center and a powerful new position of national intelligence direction to oversee the nation's 15 separate intelligence agencies.
"I'm going to find somebody who knows something about intelligence," Bush said, "and capable and honest and ready to do the job."
Re: President: Deficit will be cut in half in five years
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"I'm going to find somebody who knows something about intelligence," Bush said," and capable and honest and ready to do the job." |
hahaha, that is funny indeed!
and wow, cut it in half in five years, gj! 
there's going to have to be about 3.5 trillion paid off by 2010. the estimated annual budget is about 3 trillion. and to top it off witha global war, and domestic costs, how is bush going to do it.
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http://www.tranceaddict.com/forums/...842#post3694842
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| Originally posted by Trancer-X / 2 http://www.tranceaddict.com/forums/...842#post3694842 |
This will happen when my shit turns purple and smells like rainbow sherbet.
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| Originally posted by St_Andrew i dont think that is what bush is intending to cut in half. just the annual defecit, not the debt? More funny quotes: "maintain strict discipline in spending tax dollars." He said "I would call the results mixed" on a U.S. effort to put Iraqi security in the hands of its own people. |
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| He said he would "maintain strict discipline in spending tax dollars." |
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| Originally posted by ResonantDrag i couldn't get past the first line |
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| Originally posted by Reverend_Trance Usually Republicans are the fiscal conservatives |
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This is what these guys are - "Vulcan's" MCCAIN OBJECTS TO $2 MILLION VULCAN STATUE FACELIFT |
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| "Mr. President, I ask my colleagues to extinguish this Roman god of Fire and strike a victory for taxpayers -- and Metis, the goddess of prudence � by throttling down our insatiable appetite for pork barrel spending -- starting today." - Senator John McCain |
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| Originally posted by Trancer-X / 2 http://www.tranceaddict.com/forums/...842#post3694842 |
Think he would want to start looking at the debt like real soon..dollar is sinking and the debt is unsustainable
I don't think Bush really cares for the debt. Hes a republican they never do any good while in office.
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| Originally posted by x-filer I don't think Bush really cares for the debt. Hes a republican they never do any good while in office. |
and the homeless population was the size of Atlanta. Good job with the domestic front Mr. Reagan. R.I.P.
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| Originally posted by Sevas Stra and the homeless population was the size of Atlanta. Good job with the domestic front Mr. Reagan. R.I.P. |
Lol. The Republicans during those years concentrated more on foreign afairs, though. Reagan destroyed USSR and Bush is confused but is trying to destroy something . Clinton on the other hand got ..handjobs and did a whole lot of ZZzzZZzZzz zzzzZzzz.
what a fucking badass, I think im in love with bush.
did someone say that bush is doing bad on the homefront, think again.
In President Bush�s first term the economy has grown by 4.8% and productivity is at the fastest growing rate in the last 50 years. Home owner ship is up to 68.6%, the highest in history. The Private sector GDP (Gross Domestic Product) growth rate is up to 5.3 percent, comparable to the administration before, at 2.5%. In the first three months of 2004 500,000 jobs were created, since August of 2004 alone, more than 1.5 million Jobs have been created, and contrary to popular belief, these jobs have been not only high paying, but respectable positions. A quote from the Chicago Federal Reserve September 2004 had this to say: �Those sectors paying above the national average constitute just under three-fourths of total employment growth (including five of the seven fastest growing industries), despite representing only 65% of total employment. Thus, it appears that high-paying sectors are adding jobs faster than we might expect given their share of total employment.�
he better lower it... any person here who believes that is not a serious problem is ignorant to reality.
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| Originally posted by Tranceporter99 what a fucking badass, I think im in love with bush. did someone say that bush is doing bad on the homefront, think again. In President Bush�s first term the economy has grown by 4.8% and productivity is at the fastest growing rate in the last 50 years. Home owner ship is up to 68.6%, the highest in history. The Private sector GDP (Gross Domestic Product) growth rate is up to 5.3 percent, comparable to the administration before, at 2.5%. In the first three months of 2004 500,000 jobs were created, since August of 2004 alone, more than 1.5 million Jobs have been created, and contrary to popular belief, these jobs have been not only high paying, but respectable positions. A quote from the Chicago Federal Reserve September 2004 had this to say: �Those sectors paying above the national average constitute just under three-fourths of total employment growth (including five of the seven fastest growing industries), despite representing only 65% of total employment. Thus, it appears that high-paying sectors are adding jobs faster than we might expect given their share of total employment.� |
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| Originally posted by Tranceporter99 what a fucking badass, I think im in love with bush. did someone say that bush is doing bad on the homefront, think again. In President Bush�s first term the economy has grown by 4.8% and productivity is at the fastest growing rate in the last 50 years. Home owner ship is up to 68.6%, the highest in history. The Private sector GDP (Gross Domestic Product) growth rate is up to 5.3 percent, comparable to the administration before, at 2.5%. In the first three months of 2004 500,000 jobs were created, since August of 2004 alone, more than 1.5 million Jobs have been created, and contrary to popular belief, these jobs have been not only high paying, but respectable positions. A quote from the Chicago Federal Reserve September 2004 had this to say: �Those sectors paying above the national average constitute just under three-fourths of total employment growth (including five of the seven fastest growing industries), despite representing only 65% of total employment. Thus, it appears that high-paying sectors are adding jobs faster than we might expect given their share of total employment.� |
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| Originally posted by St_Andrew there is one flaw there tho, you debt is increasing more than your GDP. |
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| Originally posted by Tranceporter99 either way, it had to be done. We were losing jobs at such an alarming rate from the Tech bubble burst that started a recession, Enron, and Sept 11 all made such a ghastly job market that something had to be done. So Bush insighted massive tax cuts to spur the job growth, adn did it ever. With one of the most genious economic plans ever, Mr. Bush and his team of equally badass and genious people have created, in the past 4 years, over 20 million jobs. |
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