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Federal Budget

Bush's Budget Behemoth Misplaces Priorities

President Bush sent Congress his 2008 budget, a $2.9 trillion behemoth that sets spending records and cuts health care, education, and the environment.

President Bush yesterday sent Congress his 2008 budget, a $2.9 trillion behemoth that sets spending records. The big losers are the American people, who would see sharp cuts to health care, education, environmental programs, and development assistance. Additionally, this budget shows that Bush’s commitment to fiscal discipline–like his commitment to eradicating inequality–is nothing more than empty rhetoric. Center for American Progress Director of Tax and Budget Policies John Irons notes, “According to the president’s own numbers, the proposed tax policies would add $600 billion to deficits over the next five years and $1.9 trillion over the next 10.” The president has “consistently understated the effect on deficits and debt of their budget, and unfortunately America is going being to be in deep hock after this administration leaves town,” Senate Budget Committee Chairman Kent Conrad (D-ND) said last night on PBS.