And so the
budget is 2,400 pages long and weighs 11 pounds."
For more from Addison Wiggin, see http://www.com. Sustaining America's prosperity
requires restraining the spending appetite of the federal government.

flashback spending

At this moment, our courageous
men and women in uniform are serving in distant lands, risking their lives to
ensure our security.
As our servicemen and women make our nation more secure, they are also
helping to transform other nations that until recently knew only tyranny and
despair.

debt ccer

"
What's worse, Wiggin says, is the route the government is taking to solve
these problems. WASHINGTON, The following is a transcript of the
radio address of President Bush to the nation:

THE PRESIDENT: Good morning. forces in Iraq. We will work with
states to ensure that federal Medicaid dollars are spent properly and go to
help those in need.

wasteful deficit

This funding will
help provide the weapons, ammunition, spare parts, and equipment that our
troops need to do their job.

nonetheless wasteful

We must give them all the resources they need to protect
us from the threats of determined enemies and to prevail in the war on terror. In Iraq, the sacrifices made by our Armed
Forces are helping Iraqis build a government that answers to the people
instead of the other way around.
As Iraqis assume increasing responsibility for the stability of their
country , Iraqi security forces are becoming more self-reliant and taking on
greater responsibilities.

owed debt

77 trillion , will leave America with a
record $423 billion deficit. The 2007 Defense Department budget alone will
cost America $439.

deficit worse

www.dailyreckoning.com: Bush's Budget Cuts Merely Smoke and Mirrors Expert Warns

Addison Wiggin, co-author of the New York Times bestseller Empire of Debt,
says , "When Bush talks about cutting the deficit in half, he's not talking
about dollar amounts.3% a year for the next 4 years.

deficits inflation

Radio Address of President Bush to the Nation

The
principle is simple: Taxpayer dollars must be spent wisely, or not spent at
all.

outlining grandfather

And does not include spending
for wars in Iraq and Afghanistan, which would add another $120 billion for
2006.

deficits treasury

"
The new budget spending plan, at $2. In the
current climate, all problems no matter how small are believed to be problems
Washington needs to solve rather than at the state or local level.dailyreckoning . We must end overpayment for
prescription drugs by states and the federal government.

deficit spending

BALTIMORE , According to the White House's new 2007
budget, Expanding Economic Opportunity, President Bush will meet his goal of
slashing the deficit in half over the next four years. "To hit their target ," says
Wiggin, "the economy just has to grow by 3.3 billion, 7% more than 2006. I urge Congress to come together to resolve
their remaining differences, and send me a bill quickly.
As we fight the war on terror and spread freedom abroad, we continue to
pursue pro-growth economic policies at home.1 percent -- below the projected rate of inflation.

deficit inflation

Addison Wiggin is editorial director and publisher of The Daily Reckoning. My most solemn responsibility as Commander-
in-Chief is to protect the American people. Today, more than 150,000 Iraqi security forces have
been trained and equipped, and for the first time, the Iraqi army, police, and
security forces outnumber U.

grandfather mwhodges

Wiggin warns, "The sheer magnitude of this budget shows that there is
little political resolve to deal with spending at the federal level.
He is also the co-author, along with Bill Bonner, of the recently released New
York Times bestseller, Empire of Debt: The Rise of an Epic Financial Crisis .S. And we must close loopholes that allow people who can
afford to pay for their health care to shift the costs to Medicaid, and drain
resources needed to provide health care for the poorest Americans .

deficit wasteful

But according to one
expert, Bush's rhetoric is nothing but smoke and mirrors. That's
why the 2006 budget I submitted to Congress holds the growth of discretionary
spending to 2.

budget optimistic

They will focus on keeping the GDP up with tax cuts and other incentives
instead of trying to control debt by keeping government spending under
control. Like free people everywhere,
Iraqis want to be defended and led by their own countrymen.

allegedly outlining

"
That means the deficit doesn't actually have to decline for the president
to declare he met his goal of cutting it in half.

treasury deficits

suggestion deficits

deficits calculates

We will help them
achieve this objective , and then our troops will come home with the honor they
have earned.
Spending discipline requires difficult choices.

graphically inflation

"Instead of truly solving the budget deficit, Washington is trying to mask
it.
Spending wisely means reducing wasteful spending that can threaten the
viability of essential programs like Medicaid.
The savings in my budget are critical in helping us to keep our economy
growing and creating jobs.

balanced treasury

END

grandfather deficit

My 2006 budget eliminates, or substantially reduces, more
than 150 federal programs that are not succeeding, that are duplicating
existing efforts, or that are not fulfilling an essential priority.
Thank you for listening .

graphically wasteful

Brought to you by Agora Financial, and written by the NY Times best-
selling authors, Bill Bonner and Addison Wiggin, The Daily Reckoning is a
daily, free e-letter that weaves information about the financial world,
investing and everyday life into an educational and entertaining format that
has been engaging their readers for over six years. In Afghanistan, millions went to the polls after we helped liberate
that country from the Taliban. Every government program
was created with good intentions, but not all are matching good intentions
with good results. Now members of Congress need to come together and
send me a budget that funds our priorities, ensures that taxes stay low, and
keeps us on track to cut the deficit in half by 2009.

fascinating optimistic

I applaud the House and Senate for their strong support of my supplemental
funding request for our troops serving on the front lines.

fascinating mwhodges

Instead, the plan calls for a reduction in the deficit
to half of the current percentage of the nation's GDP.