Bush confident on deal to balance budgetBy DEB RIECHMANN, Associated Press Writer
1 hour, 12 minutes ago
WASHINGTON - President Bush, seeking the upper hand in his dealings with the Democrats
now running Congress, asked lawmakers on Saturday to join him in balancing the budget
within five years and cut thousands of pet projects from future spending bills.
"I'm confident that we can find common ground," Bush said in his weekly radio address.
"By holding the line on spending and continuing our pro-growth policies, we can balance
the budget and address the most urgent needs of our nation."
Top Democrats have reacted cautiously — or not at all — to Bush's budget plan, which
assumes Congress will renew tax rate cuts passed in 2001 and maintain tax cuts on
investments, inheritances and many other items. They say Bush's tax agenda is tilted in
favor of upper-income taxpayers and argue that at least some of the cuts need to be
rolled back if a broader agreement on the budget can ever be reached.
-snip-He said Democrats should adopt earmark reforms requiring full disclosure of the sponsors,
the costs, the recipients and the justifications for every earmark. The president also
said that after the current moratorium, the cost of earmarks should be cut in half from
2006 levels of more than $16 billion.
-snip-