The Congressional Budget Office (CBO) just released Bush 2.9 Trillion dollar budget for the year, which includes, among other things, an increase in "Defense" spending, cuts in Medicare and Social Security, and an extension of the Bush tax cuts. The best part is that he is claiming the budget will be balanced by 2012, but only in the most elusive of ways.
Here is the catch: funding for Iraq will decline over the next few years, according to the budget, but this will not correspond to a decrease in American involvement in that region, according to Nation Security Advisor Stephen Hadley. We are not going anywhere, but the war will get cheaper, and then the budget will be balanced. Just like me after 8 beers. I am walking, but there is nothing sustainable about it.