Bush Budget: More For War, Less For Medicare
POSTED: 1:05 pm EST February 6, 2006
UPDATED: 6:56 pm EST February 6, 2006
WASHINGTON -- President George W. Bush has sent Congress a budget that would give a big boost to the war on terror while also reining in the budget deficit.
Bush said his $2.77 trillion spending plan focuses the nation's resources on protecting U.S. citizens and the homeland. He called that the highest priority.
The 2007 budget also seeks to hold back the growing budget deficit. The Bush administration predicts it will soar to an all-time high this year, due to the Iraq war and hurricane relief.
Some of the savings would come from trimming Medicare spending. Agencies such as the National Institutes of Health would see belt-tightening.
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http://www.nbc4.com/politics/6786951/detail.htmlThe Associated Press/WASHINGTON
By ANDREW TAYLOR
Associated Press Writer
Bush budget plan a headache for Congress
FEB. 6 6:06 P.M. ET President Bush sent his GOP allies in Congress an austere budget for next year that is filled with political land mines and flush with difficult choices.
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Despite the sacrifices called for in education, Amtrak, community development and local law enforcement grants, health research, and many other programs frozen or cut under his plan, Bush's $2.77 trillion blueprint forecasts a record $423 billion deficit for the current year and improves upon that figure in 2007 largely by lowballing cost estimates for the war in Iraq.
Bush gives a generous 6.9 percent budget increase to the Pentagon -- which would receive a record $439 billion before accounting for the wars in Iraq and Afghanistan -- and wants Congress to pass a $3 billion or 14 percent increase in foreign aid.
His proposal projects $70 billion in new funds to execute the war in Iraq through the end of September, which will come in a detailed request later this month and bring total war funding for 2006 to $120 billion. Another $50 billion is allocated for next year.
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