Is he friggin kidding me? This nightmare just keeps getting worse and worse and worse.

H/T Bur$atil for the link!!!

WASHINGTON, Feb 3 (Reuters) - President George W. Bush said on Saturday his upcoming budget proposal would emphasize restraint on domestic spending while making defense and war costs for Iraq and Afghanistan the top priority.

“Cutting the deficit during a time of war requires us to restrain spending in other areas,” Bush said in his weekly radio address.

Previewing the fiscal year 2008 budget he will unveil on Monday, Bush also said it would show that his goal of erasing the deficit by 2012 could be accomplished while making his tax cuts permanent.

“Congress needs to make this tax relief permanent, so we can keep America’s economy growing. Pro-growth economic policies also play a vital role in our plan to balance the federal budget,” he said.

“Our growing economy has produced record levels of tax revenue. This increase in tax revenue has helped us cut the deficit in half three years ahead of schedule,” he added. “On Monday, we will take the next step when I submit to Congress a budget that will eliminate the deficit by 2012.”

Bush will propose a 1 percent increase in spending outside defense for fiscal 2008, according to The Washington Post. That would amount to a decrease in programs after accounting for inflation, which is running at about 2.5 percent.

Read more at Reuters.com