alt.politics.economics

Mitchell,

You asked:
"The fiscal year budget process starts in February and ends in late
summer with the Congressional conference committees sending a bill to
the President in August which takes effect in October.

But Bush didn't even wait for that, demanding that the tax cuts that
destroyed the budget surplus be passed in
June. Why? What was the rush?"

Your question has two parts. I can only answer the first part because
you did not give me any explanation to your assertions and the
implications of your question.

First tell me how the tax cuts destroyed the economy? Answer that for
me please.

Regarding the executive budgetting system here is a link for your
review.
/reference/resources/pdf/

Spring and summer of this year the executive should begin to develop
budget requests that are to be implemented October of the following
year. Not on the same year it is requested. The budgetting process
is longer than we think and a president that only has 4 years in
office must move ahead with his programs in order for him to be able
to implement them. So if you see that as rushing, I see that as what
every president would do to implement their programs. Every president
if they could does not have the luxury of immediately implementing
their programs because of the process.

Bush came into a recession which began around 2000 (remember the dot
com bubble that climaxed March 10 2000?)
/reference/resources/pdf/
/wiki/Dot-com_bubble

As he believes that tax cuts will stimulate the economy he had to
implement it early in an economic downturn. I think rushing to
stimulate the economy is not a bad thing.
/Research/Taxes/
/Research/Taxes/
/nrof_luskin/

Again, let you will have to explain to me how the tax cuts destroyed
the economy.