Summary
With some congressional conservatives in open revolt against the Bush administration's heretofore failure to staunch the explosion of discretionary spending, the White House finally established some long-overdue guidelines. Those limits will apply to the administration's fiscal 2005 budget, which will be issued Monday. Specifically, President Bush has pledged to hold the growth rate of discretionary spending unrelated to national defense and homeland security to less than 1 percent in 2005. It's about time. A recent report by the Cato Institute - "The Republican Spending Explosion" - reveals that nondefense discretionary outlays will increase by about 31 percent during Mr. Bush's first three years in office.
To be fair, the explosion of domestic discretionary spending initially erupted under Bill Clinton amid the revenue deluge of the late 1990s. However, Republicans have controlled both the executive branch and both bodies of Congress throughout the fiscal 2004 appropriations process, which finally ended with the belated passage of the overgrown omnibus spending bill.See the full content of this document
Extract
Budgeting Under Bush
The ostensibly conservative budget policy-makers in the White House and Republican-domi...
See the full content of this document
Sponsored links
