Wow. Our experiment is off to a great start—let's see if we can finish it off sooner than expected.
According to the Washington Post, the budget that President Bush is introducing today is set to "slow the growth of big federal health programs, reduce anti-terrorism grants for states and cities, and cut spending on anti-poverty, housing, and social service programs." The early education program Even Start is going to be eliminated, and funding for education technology, programs for incarcerated youth, and college affordability measures are being stripped.
Medicare will see deep cuts. Poison control centers and rural health programs will be drastically reduced. The Community Services Block Grant, "a $654 million program that provides housing, nutrition, education and job services to low-income people," will be cut completely.
Is President Bush finally embracing the fiscal conservativism that has been more myth than reality during his two terms?
Don't be silly. The budget introduces "a flood of new red ink that will rival the record deficits of [Bush's] first term." The deficit will go from $163 billion in 2007 to about $400 billion in 2008 and 2009. So where is all the money going?