An Ecconomic Fact
From the NDN blog:
"Under the President’s plan, U.S. borrowing is more than spending on Medicare and Homeland Security – combined.
CBO estimates borrowing $394 billion in 2005 under the Bush plan, and also estimates a 2005 baseline of $327 billion to be spent on Medicare and total outlays of $37 billion for all 2005 Homeland Security items.
[Sources: Congressional Budget Office, “CBO’s Current Budget Projections: CBO’s Discretionary Spending for Homeland Security,” and, “CBO’s Current Budget Projections: CBO’s Baseline Projections of Mandatory Spending,” March 2005, http://www.cbo.gov/showdoc.cfm?index=1944&sequence=0#table8 / Congressional Budget Office, “An Analysis of the President's Budgetary Proposals for Fiscal Year 2006,” Table 1-1, http://www.cbo.gov/showdoc.cfm?index=6146&sequence=1&from=0]