February 7, 2005
Bush Proposes Steep Cuts in $2.57T Budget
By THE ASSOCIATED PRESS
WASHINGTON (AP) -- President Bush proposed a $2.57 trillion budget Monday
that erases scores of programs and slices Medicaid, disabled housing and
many more but still worsens federal deficits by $42 billion over the next
five years.
In one of the most austere presidential budgets in years -- one that faces
precarious prospects in Congress -- Bush would give nine of the 15
Cabinet-level departments less money in 2006 than they are getting this
year. Overall, he would cut non-security domestic spending -- excluding
automatically paid benefits like Medicare -- by nearly 1 percent next year.
Bush said it was the first such reduction proposed by the White House since
President Reagan's day.
Forty-eight education programs would be eliminated, including one for
ridding drugs from schools. In all, more than 150 government-wide programs
would be eliminated or slashed deeply, including Amtrak subsidies, oil and
gas research, and grants to communities hiring police officers.
Bush would slow the growth of benefit programs by $137 billion over the next
decade, nearly quadruple the savings he proposed a year ago with little
success. Chief among the targets would be Medicaid, the federal-state health
insurance program for the poor and disabled, but farmers' payments, student
loans and veterans medical services were also on the chopping block.
-cont.-
http://www.nytimes.com/aponline/national/AP-Bush-Budget.html?oref=login&pagewanted=print&position=
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The number of uninsured Americans increased by 5 million over the past four
years and the government announced last month that Medicare premiums will
increase in January by a record amount in dollar terms of $11.60 per month.
http://tinyurl.com/5alrj
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Bush's $10 Trillion Borrowing Binge
New projections from the Congressional Budget Office indicate that
continuation of President Bush's budget policies will triple the national
debt by the end of fiscal 2013. Left unchecked, Bush's reckless approach to
fiscal policy will saddle our children with an additional $10 trillion in
debt just ten years from now.
http://www.ctj.org/pdf/binge03.pdf
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