Tuesday, February 8, 2005
President Bush sent Congress a $2.57 trillion federal budget yesterday that is designed to project U.S. power and priorities overseas while squeezing government programs at home but would not make a sizable dent in the nation's record deficit next year, despite politically painful cuts.
(Here is the meat of the cuts)
Relying on the nation's stronger economic performance, the Bush budget would increase overall spending by 3.6 percent in the fiscal year starting Oct. 1 and embody a strong commitment to security.
An extra 4.8 percent would be devoted to the Defense Department for a cumulative 38.6 percent increase over the past five years, and the Department of Homeland Security would receive almost 7 percent more, much of it coming from a $3-per-flight tax increase on airline tickets.
State Department and foreign aid spending would go up 15.7 percent.To offset those increases, the rest of the discretionary budget would fall almost 1 percent, with programs for health, education, the environment, farming and housing taking the biggest hits. Nine of the 15 Cabinet departments would lose funding, including Housing and Urban Development (11.5 percent), Agriculture (9.6 percent), and Transportation (6.7 percent).
The Environmental Protection Agency would be cut 5.6 percent and the Centers for Disease Control and Prevention by 12.4 percent, and the White House said it would take a 1.7 percent reduction in its spending. Altogether, about 150 programs would be eliminated or drastically scaled back, one third of them education-related.
article:
http://www.washingtonpost.com/wp-dyn/articles/A4563-2005Feb7.html