Money for nothing, and your oil for free
Buried in Bush's budget is a plan that would give US energy companies $65 Billion dollars of gas and oil out of our own reserves, free of the royalties that they would normally have to pay to the federal government. This represents another shortfall in the federal incomes of $7 Billion dollars.
So Bush is giving his cronies a $7 Billion windfall profit, but you can be damned sure it won't be taxed. All that will happen is that the extra cash will go to line the pockets of Bush, Cheney and their Carlyle Group cronies. That easy $7 Billion will NOT reduce the cost of your heating oil, nor the price of gas at the pump either.
But we will be paying for this for decades, along with Bush's ego-wars, while we have to whittle away through higher taxes in the future at the deficit that Bush has created from a surplus just 5 years ago. Isn't it funny how what's good for Bush is bad for America?