February 03, 2004
Quote Of The Moment #0042
The fiscal 2005 budget, resting on record budget deficits, calls for a $31 billion spending increase in discretionary areas that Congress controls. Of that, $29 billion would go to domestic security and defense. The plan would restrict discretionary spending in the rest of the government to less than half the inflation rate and would eliminate or curtail 128 federal programs.
The budget plan, which reinforces many themes of the president's re-election campaign, targets its deepest cuts at environmental and agricultural programs, with sizeable but smaller reductions at the Treasury and Veterans Affairs departments and other agencies.
Posted by Eddie Tews at February 3, 2004 12:27 PM
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