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The President's Budget, FY 2007 Archives

The President's Budget, FY 2007

The President's proposed budget for FY 2007 was released this morning.

"Budget of the United States Government: Fiscal Year 2007," from OMB

"Fact Sheet: Highlights of the President's FY2007 Budget," from The White House

Budget of the United States Government: Fiscal Year 2007, from GPO Access


The President's Budget and the Budget Process We offer a 1-day course, "The President's Budget and the Budget Process," to be held February 22, 2006.

February 6, 2006 03:17 PM    Budget


We need to prepare for the Baby Boomers and start cutting back on government spending. I think Bush’s budget did not go far enough in trimming government coffers.

In about 10 - 15 years, there will be no way that we can afford to pay for Social Security, Medicare, and Medicaid.

We could radically increase taxes. However, this will cripple future generations. We can increase the budget deficit. But it will lead to serious systemic risks to our economy. We should reduce benefits promised during a previous era of prosperity in our country. Of course, we can try a combination of all three, but we would be left with a situation akin to eurosclerosis.

We must make the painful choice of reducing benefits and reshaping Social Security, Medicare, and Medicaid to care for the very neediest in our country. It will be hard, but the demographic trend is inexorable.

Reality shouts that this is not a Republican or Democrat issue.

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