Bush to Propose Billions in Cuts-budget plan to Congress on Monday [View All]

[LiviaOlivia]

http://www.latimes.com/news/nationworld/nation/la-na-cuts6feb06,0,5530657.story?coll=la-home-headlines

Bush to Propose Billions in Cuts
Farm subsidies and food stamps are among the targets in the 2006 budget plan, to be sent to Congress on Monday. Opposition is building.

By Joel Havemann and Mary Curtius
Times Staff Writers

February 6, 2005

WASHINGTON — President Bush will propose a 2006 budget Monday that, despite record spending of about $2.5 trillion, will call for billions of dollars in cuts that will touch people on food stamps and farmers on price supports, children under Medicaid and adults in public housing.

Even before the budget is officially sent to Congress on Monday, resistance to Bush's proposals was welling up Saturday from interest groups that benefit from federal aid and from the members of Congress who represent them.

~snip~

The cuts are being proposed as the president is striving to keep a campaign promise to rein in government spending and halve the federal deficit in five years. The deficit has soared since the Sept. 11 terrorist attacks and the subsequent war on terrorism — and as revenue has fallen as the economy has slowed and tax cuts have taken effect.

In addition to the cuts proposed in the 2006 budget, Bush is expected to ask Congress to approve in principle many billions of dollars in additional, unspecified cuts.

~snip~



Here it comes.