Wednesday, May 03, 2006

Budget 2006

"Florida - that's like America's wang"
-Homer Smpson



I didn't read the entire budget nor did I watch it read live. I read the commentaries and I gather that over all there is good news and there is bad news.

The good news is: don't expect Harris style cuts to services to pay for tax cuts.

The bad news is, do expect Dubya style spending on big ticket items like the military PLUS tax cuts which will probably equal a deficit in the future.

I did catch that the lowest tax bracket has had their taxes raised. I guess Harper, as a child, was read "Robin Hood" as a bedtime story - upside down.

The government took back the large amount of money alloted to native people last year - well they should be used to that by now (who are the "indian givers" now?).

There was no money mentioned for the environment (as expected).

It was a minority budget so (luckily) it could not be full steam ahead Reform..er..Alliance...I mean Conservative....

Galbraith died this week and an old idea of his was this: America (and also Canada - "America Junior" as Homer Simpson calls us) is creating vast personal wealth for a few and neglecting public "wealth".

Galbraith lived long enough to see tax cuts for people earning over $200, 000 and no health care for about 1/3 of the population

Does America Junior want this too?

Tom.

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