The Washington Post reported (Oct 5/07) that the cost of the wars in Irag and Afghanistan has now hit $600 Billion dollar mark. The USA is heavily in debt because of the wars.
This past wednesday, Bush used his veto today in the name of fiscal responsiblilty to crush a bipartisan bill reauthorizing the State Children's Health Insurance Program (SCHIP), which would help 9 million children without health insurance in the USA. The cost of running the program annually would be around $70 Billion dollars, which looking at the $ 13 trillion dollar economy Bush has to work with is really chump change. ABC news stated that the bill had a 72% approval rating among USA citizens. Bush said Congress was trying to "federalize health care," even though the program in question is run by the states. Bush said that "I don't want the federal government making decisions for doctors and customers," even though the vetoed bill authorizes no such decisions -- the program enrolls children in private, I repeat, private, health insurance plans. And here's my favorite: "This program expands coverage, federal coverage, up to families earning $83,000 a year. That doesn't sound poor to me." But the bill he vetoed prohibits states from using the program to aid families who make more than three times the federal poverty limit, or about $60,000 a year for a family of four. Most of the aid would go to families earning substantially less. Bush's spurious $83,000 figure comes from a request by New York state to use the program for some families earning four times the poverty limit. That request was denied by the Bush administration last month -- and that upper limit is not in the bill Bush vetoed.
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