Bush budget plan slashes domestic programs
Mon Feb 7, 2005 20:21
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Bush budget plan slashes domestic programs
WASHINGTON President George W. Bush on Monday sent Congress a 2006 budget of just under $2.6 trillion, laying out a politically ambitious blueprint for slashing many domestic programs while raising spending on the military and homeland security.
Despite Proposed Cuts, Bush Budget is Bigger Los Angeles Times
Bush Faces Fight with Congress Over Spending Cuts Reuters
Kansas City Star (subscription) - Times Online - Christian Science Monitor - Voice of America -
all 1,684 related »
Bush calls for sweeping cuts to domestic spending
08.02.05 8.25am
by Caren Bohan and Adam Entous
WASHINGTON - President Bush on Monday proposed a US$2.5 trillion budget that slashes domestic programs from farm aid to housing grants for the poor, as he sought to curb budget deficits that have soared on his watch.
Bush, who inherited a budget surplus that shifted to record deficits in his first term, wants to show Wall Street and fiscal conservatives he is serious about tackling deficits.
The plan would cut discretionary domestic spending outside national security by 0.7 per cent for fiscal year 2006, in what the White House called the most austere budget proposal since the Reagan era.
"It's a budget that eliminates redundancy," Bush told reporters during a meeting with his Cabinet. "It's a lean budget."
Democrats say Bush is forcing the poor to absorb the brunt of the budget pain after giving billions of dollars of tax cuts to the rich in his first presidential term.
The budget leaves out some big items, such as the future costs of military operations in Iraq and Afghanistan and massive borrowing required by Bush's plan to add private retirement accounts to the Social Security retirement system.
House Democratic leader Nancy Pelosi of California called the budget an "assault on our values" and a "hoax" that would not bring down the deficit.
Many said Bush would have trouble getting even a Republican-controlled Congress to sign off on a number of the cuts. Budget hawks question the president's resolve to push them through, given he has yet to veto a spending bill.
"I fully understand that sometimes it's hard to eliminate a program that sounds good," Bush said. But he added that he is "very optimistic" he can convince Congress to go along with what he called his "common sense approach."
The Pentagon and Homeland Security are among the budget's few winners but they would see a slight slowdown in growth after post-Sept. 11, 2001, surges.
Bush would chop farm programs by 2.9 per cent and squeeze US$45 billion in savings from the Medicaid health program for the poor while abolishing subsidies for the Amtrak rail system and cutting community development programs by 4.5 per cent.
- REUTERS
http://www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10009987
=================================
Bush Budget Tries to Control Spending
By Dan Robinson
Washington 07 February 2005
Robinson report - Download 417k
Listen to Robinson report
=================
Bush Budget Cuts Veterans
Results 1 - 10 of about 1,160 for Bush Budget Cuts Veterans.
REMEMBER BUSH LIES, LIES AND LIES ....!!!
WASHINGTON President George W. Bush on Monday sent Congress a 2006 budget of just under $2.6 trillion, laying out a politically ambitious blueprint for slashing many domestic programs while raising spending on the military and homeland security.
Despite Proposed Cuts, Bush Budget is Bigger Los Angeles Times
Bush Faces Fight with Congress Over Spending Cuts Reuters
Kansas City Star (subscription) - Times Online - Christian Science Monitor - Voice of America -
all 1,684 related »
Bush calls for sweeping cuts to domestic spending
08.02.05 8.25am
by Caren Bohan and Adam Entous
WASHINGTON - President Bush on Monday proposed a US$2.5 trillion budget that slashes domestic programs from farm aid to housing grants for the poor, as he sought to curb budget deficits that have soared on his watch.
Bush, who inherited a budget surplus that shifted to record deficits in his first term, wants to show Wall Street and fiscal conservatives he is serious about tackling deficits.
The plan would cut discretionary domestic spending outside national security by 0.7 per cent for fiscal year 2006, in what the White House called the most austere budget proposal since the Reagan era.
"It's a budget that eliminates redundancy," Bush told reporters during a meeting with his Cabinet. "It's a lean budget."
Democrats say Bush is forcing the poor to absorb the brunt of the budget pain after giving billions of dollars of tax cuts to the rich in his first presidential term.
The budget leaves out some big items, such as the future costs of military operations in Iraq and Afghanistan and massive borrowing required by Bush's plan to add private retirement accounts to the Social Security retirement system.
House Democratic leader Nancy Pelosi of California called the budget an "assault on our values" and a "hoax" that would not bring down the deficit.
Many said Bush would have trouble getting even a Republican-controlled Congress to sign off on a number of the cuts. Budget hawks question the president's resolve to push them through, given he has yet to veto a spending bill.
"I fully understand that sometimes it's hard to eliminate a program that sounds good," Bush said. But he added that he is "very optimistic" he can convince Congress to go along with what he called his "common sense approach."
The Pentagon and Homeland Security are among the budget's few winners but they would see a slight slowdown in growth after post-Sept. 11, 2001, surges.
Bush would chop farm programs by 2.9 per cent and squeeze US$45 billion in savings from the Medicaid health program for the poor while abolishing subsidies for the Amtrak rail system and cutting community development programs by 4.5 per cent.
- REUTERS
http://www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10009987
=================================
Bush Budget Tries to Control Spending
By Dan Robinson
Washington 07 February 2005
Robinson report - Download 417k
Listen to Robinson report
=================
Bush Budget Cuts Veterans
Results 1 - 10 of about 1,160 for Bush Budget Cuts Veterans.
REMEMBER BUSH LIES, LIES AND LIES ....!!!
