Wednesday, February 07, 2007

That's the way the money goes, pop goes the weasel


When in doubt, follow the money!

President George W. Bush has proposed cutting $78 billion from U.S. health spending over the next five years.

The $701 billion budget for the Department of Health and Human Services that Bush sent to Congress today includes $66 billion in cuts over five years from Medicare, which provides health insurance for 43 million Americans. Bush also would cut $12 billion from Medicaid for the poor and from a program that provides health insurance for low-income children.

In the very next breath he has also sought a record $784 billion hike for national defence as part of the annual and supplemental budget requests he sent to the US Congress.

This includes $235 billion more for the wars in Iraq and Afghanistan for fiscal year 2008, which begins on 1 October.

Bloomberg and ADNKI

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