Family Resource Council: Congress is getting a head start on next year's budget after its knock-down, drag-out fight over the current plan. With the bickering over the FY08 budget lasting well into the calendar year, both the House and Senate Democrats are unveiling new proposals that could divide the parties even further in an already combative election season. Led by Senate Budget Committee Chairman Kent Conrad (D-ND), liberals have based their budget entirely on the assumption that President Bush's tax cuts will expire, which would result in a massive, multi-billion dollar surplus for Congress--and the biggest tax hike in history for the American people. Although a lot is riding on the priorities of the next administration, the Democrats' current plan includes massive spending on education, transportation, and energy. Adding to taxpayers' misery, it looks like the powerful Congressional Progressive Caucus's solution for the economy is socialism. The liberal group is pushing for a second stimulus package that would do nothing but stimulate its own welfare agenda. The Caucus's budget would boost funding for food stamps, public works, unemployment insurance, and Medicaid spending by a whopping $40-60 billion. President Bush has promised to veto any bill that exceeds his spending limit, but don't put it past the Left to wait the 43rd President out simply to make a political point. Unless the conservatives wage an all-out war for tax cut permanency, that political point will come at the economy's expense. See Also: Senate Democrats Unveil Budget PlansTags: Democrats, economic stimulus, Excessive spending, US Budget To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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