Budget Recalls Bush Quip On the Well-Off: 'I Call You My Base'

Summary

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President Bush's new budget will top $3 trillion. It envisions massive deficits for fiscal years 2008 and 2009 - nearly matching the record in 2004, when the federal budget went $412 billion into the hole.

The average American might properly ask, "Shouldn't we at least have something to show for all this?" Even the basics are missing - for example, health coverage for all children, a serious effort against global warming, bridges that don't fall down. Where has the money gone?

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Budget Recalls Bush Quip On the Well-Off: 'I Call You My Base'

David Cay Johnston provides some answers in his angry and brilliant book "Free Lunch." An ace investigative reporter, Johnston explains: "From those leaves in the...

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