And now, the real state of the union...

"In the wake of George W. Bush’s State of the Union address, the White House and the Republican-led Congress have moved swiftly to implement a series of budget measures that will slash funding for health care and education while allocating vast new sums for the wars in Iraq and Afghanistan and tax cuts for America’s wealthy elite.

"The House of Representatives approved a $39.5 billion five-year budget-cutting package on Wednesday. More than half of the savings has been carved out of funding for Medicare and Medicaid, the principal programs that provide minimal health care coverage to the elderly, poor and disabled.

"On Thursday, Congressional sources reported that the White House was preparing to ask Congress for another $70 billion to pay for the US wars in Iraq and Afghanistan. This comes on top of $50 billion approved just last December, and brings the total allocated for these military interventions in little over four years to more than $420 billion, the vast majority of it spent on the occupation of Iraq.

"Before the year is out, the administration will seek yet another supplemental appropriation to pay for the military operations in the two countries. It is anticipated that before the end 2006, the cost of these wars will top the $500 billion mark—ten times the amount estimated by the administration prior to the invasion of Iraq."
-- Bill Van Auken

And you know what they call it? "The Deficit Reduction Act!"

Here's a trenchant analysis from the American Federation of State, County and Municipal Workers.