Tuesday, February 5, 2008

$3.1 Trillion Spending Plan

Bush Proposes $3.1 Trillion Spending Plan

President Bush proposed a $3.1 trillion budget yesterday that includes big increases in military spending, major cuts in payments to healthcare providers, and extensions of tax cuts that benefit the wealthiest Americans. Bush, who inherited a budget surplus, said he expects a near-record deficit of $407 billion when he leaves office next year.

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