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Increases, decreases, and deficits: The President's budget proposal. (Federal Focus).(Brief Article)
"Once we have funded our national security and our homeland security, the final great priority of my budget is economic security for the American people," President George W. Bush declared in his State of the Union address. "To achieve these great national objectives--to win the war, protect the homeland, and revitalize our economy--our budget will run a deficit that will be small and short-term, so long as Congress restrains spending and acts in a fiscally responsible manner." (1)
With these words, President Bush acknowledged a return to fiscal imbalance and launched the first salvo in the fiscal 2003 budget battle. (2) Six days later, the president submitted ...
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Source: HighBeam Research, Increases, decreases, and deficits: The President's budget proposal....