Bush Outlines Record Budget ; $3.1 Trillion 'Protects' U.S.
The Washington Times › February 05, 2008
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Summary
President Bush's record $3.1 trillion budget request yesterday for fiscal 2009 would add $407 billion to the federal debt behind continued increases in military spending and an economic-stimulus package, further complicating Republican Party efforts to assure voters they are fiscally responsible.
Mr. Bush's budget calls for an eleventh straight funding increase for the Pentagon and virtually freezes domestic spending by making cuts in Medicare and Medicaid funding, on which Democrats will likely cast the GOP as uncaring toward the lower and middle classes and the elderly.See the full content of this document
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Bush Outlines Record Budget ; $3.1 Trillion 'Protects' U.S.
The deficit is projected to grow from $162 billion in fiscal 2007 to $410 billion in fiscal 2008, the White House said, blaming a decline in tax revenues from slower economic growth. Other reasons for the massive deficit, which is forecast at $407 billion in fiscal 2009, include the $146 billion ...
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