National Debt Breaks $8 Trillion; Pork Highest Ever | Jackson Free Press | Jackson, MS

National Debt Breaks $8 Trillion; Pork Highest Ever

According to a story in the Washington Post, Republicans plan to attempt to pass $35 billion in spending cuts, part of a plan set forth in the spring, although some conservatives want to see further cuts to make up for Katrina and other emergency spending. This at a time when pork projects have helped push our national debt over Eight Trillion dollars.

Sources in the House of Representatives said it likely would be mid-week before Republican leaders know whether they have enough support for spending reductions, including cuts in health programs for the elderly and poor, that go beyond the $35 billion sketched out last spring.

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Republicans, who also control the White House, have now presided over an increase in $2 trillion to the national debt over four years or so, despite contending that they are the only U.S. political party that practices fiscal discipline.

The debt racked up since the Bush Administration took office has added about $50 billion per year in required spending to the annual budget just so that we can make minimum interest payments on that debt.

It's tempting to say that this debt is the result of wars and a reaction to terrorism, and that's partly correctly, but it also, obviously has something to do with the low tax base that we have to work with. And, the "guns and butter" mentality has spread out in such a way that our government, with both Congress and the White House controlled by Republicans, has fostered anything but a culture of fiscal responsibility.

In 2005, pork project have hit record levels according to The Club for Growth:

2005 - 13,997
2004 - 10,656
2003 - 9,362
2002 - 8,341
2001 - 6,333
2000 - 4,326
1999 - 2,838
1998 - 2100
1997 - 1,596
1996 - 958
1995 - 1439

Pork spending on the recent highway bill was $23 billion alone for nearly 6,400 projects, according to Jeff Jacoby in the Boston Globe. And he notes how different today is from a former Republican administration, from back when Republicans were supposed to have been fiscal conservatives:

For example, Ronald Reagan vetoed the 1987 highway bill because it included 121 earmarks and was $10 billion over the line he had drawn in the sand. ''I haven't seen this much lard since I handed out blue ribbons at the Iowa State Fair," he said. President Bush is a great admirer of Reagan's record in foreign affairs. Too bad he shows so little interest in following the Gipper's fiscal lead as well.

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