Post by Rick Warder on Dec 7, 2005 9:05:28 GMT -5
President Warder: "I look forward to hammering out the 2009 budget with the aid of Congress and respectfully submit what follows as the 2009 federal budget.
(with highlights added in BOLD)
Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).
New budget is $3659.28 billion
($2487.12 billion in spending, $1172.16 billion in tax expenditures and cuts).
The federal deficit has been cut by $88.08 billion.
The new federal deficit is $312.92 billion.
Spending ($2487.12 billion: cut $185.4 billion)
$490.72 billion .... Military Spending
Increased $44.62 bil. from base of $446.105 bil.( 10%)
$145.41 billion .... Iraq War and Afghanistan Operations
Increased $33.56 bil. from base of $111.851 bil.( 30%)
$115.48 billion .... Veterans & Retired Military Pensions and Services (No Change)
$15.8 billion ...... International Affairs
Cut $15.78 bil. from base of $31.590 bil.(-50%)
$26.36 billion ..... General Science, Space, and Technology
Increased $2.39 bil. from base of $23.967 bil.( 10%)
$2.12 billion ...... Non-Defense Energy Spending (No Change)
$28.05 billion ..... Natural Resources and Environment
Cut $3.1 bil. from base of $31.163 bil.(-10%)
$7.81 billion ...... Agriculture
Cut $18.2 bil. from base of $26.020 bil.(-70%)
$42.4 billion ...... Transportation
Cut $28.26 bil. from base of $70.673 bil.(-40%)
$19.1 billion ...... Community and Regional Development (No Change)
$128.14 billion .... Education
Increased $64.07 bil. from base of $64.068 bil.( 100%)
$47.81 billion ..... Training, Labor and Unemployment Programs (No Change)
$379.98 billion .... Non-Medicare Health Spending
Increased $126.66 bil. from base of $253.320 bil.( 50%)
$0 billion ......... Medicare
Cut $345.74 bil. from base of $345.746 bil.(-100%)
$71.94 billion ..... Civilian Retirement (Social Security excluded) (No Change)
$165.42 billion .... Aid to Low-Income Families
Cut $41.34 bil. from base of $206.773 bil.(-20%)
$25.62 billion ..... General Family Support (No Change)
$6.13 billion ...... Commerce and Housing Loan Programs
Cut $0.68 bil. from base of $6.816 bil.(-10%)
$544.82 billion .... Social Security (No Change)
$43.1 billion ...... Administration of Justice (No Change)
$14.2 billion ...... General Government Administration
Cut $3.54 bil. from base of $17.754 bil.(-20%)
$211.08 billion .... Net Interest (No Change)
$-44.37 billion .... Undistributed Offsetting Receipts and Allowance (No Change)
--------------------------------------------------------------------------------
Tax Expenditures ($1172.16 billion: increased $97.33 billion)
$294.6 billion ..... 2001 and 2003 Tax Cuts (No Change)
$0 billion .........Corporate Tax Breaks
Cut $60.35 bil. from base of $60.360 bil.(-100%)
$173.42 billion .... Personal Business and Investment Benefits
Increased $86.71 bil. from base of $86.710 bil.( 100%)
$185.32 billion .... Pension and Retirement Tax Benefits
Increased $16.85 bil. from base of $168.470 bil.( 10%)
$211.49 billion .... Health Insurance Tax Benefits
Increased $70.5 bil. from base of $140.990 bil.( 50%)
$147.34 billion .... Housing Tax Benefits
Cut $16.36 bil. from base of $163.710 bil.(-10%)
$159.99 billion .... Other Individual Deductions and Expenditures (No Change)
(with highlights added in BOLD)
Budget Totals
Old budget was $3747.36 billion
($2672.527 billion in spending, $1074.833 billion in tax expenditures and cuts).
New budget is $3659.28 billion
($2487.12 billion in spending, $1172.16 billion in tax expenditures and cuts).
The federal deficit has been cut by $88.08 billion.
The new federal deficit is $312.92 billion.
Spending ($2487.12 billion: cut $185.4 billion)
$490.72 billion .... Military Spending
Increased $44.62 bil. from base of $446.105 bil.( 10%)
$145.41 billion .... Iraq War and Afghanistan Operations
Increased $33.56 bil. from base of $111.851 bil.( 30%)
$115.48 billion .... Veterans & Retired Military Pensions and Services (No Change)
$15.8 billion ...... International Affairs
Cut $15.78 bil. from base of $31.590 bil.(-50%)
$26.36 billion ..... General Science, Space, and Technology
Increased $2.39 bil. from base of $23.967 bil.( 10%)
$2.12 billion ...... Non-Defense Energy Spending (No Change)
$28.05 billion ..... Natural Resources and Environment
Cut $3.1 bil. from base of $31.163 bil.(-10%)
$7.81 billion ...... Agriculture
Cut $18.2 bil. from base of $26.020 bil.(-70%)
$42.4 billion ...... Transportation
Cut $28.26 bil. from base of $70.673 bil.(-40%)
$19.1 billion ...... Community and Regional Development (No Change)
$128.14 billion .... Education
Increased $64.07 bil. from base of $64.068 bil.( 100%)
$47.81 billion ..... Training, Labor and Unemployment Programs (No Change)
$379.98 billion .... Non-Medicare Health Spending
Increased $126.66 bil. from base of $253.320 bil.( 50%)
$0 billion ......... Medicare
Cut $345.74 bil. from base of $345.746 bil.(-100%)
$71.94 billion ..... Civilian Retirement (Social Security excluded) (No Change)
$165.42 billion .... Aid to Low-Income Families
Cut $41.34 bil. from base of $206.773 bil.(-20%)
$25.62 billion ..... General Family Support (No Change)
$6.13 billion ...... Commerce and Housing Loan Programs
Cut $0.68 bil. from base of $6.816 bil.(-10%)
$544.82 billion .... Social Security (No Change)
$43.1 billion ...... Administration of Justice (No Change)
$14.2 billion ...... General Government Administration
Cut $3.54 bil. from base of $17.754 bil.(-20%)
$211.08 billion .... Net Interest (No Change)
$-44.37 billion .... Undistributed Offsetting Receipts and Allowance (No Change)
--------------------------------------------------------------------------------
Tax Expenditures ($1172.16 billion: increased $97.33 billion)
$294.6 billion ..... 2001 and 2003 Tax Cuts (No Change)
$0 billion .........Corporate Tax Breaks
Cut $60.35 bil. from base of $60.360 bil.(-100%)
$173.42 billion .... Personal Business and Investment Benefits
Increased $86.71 bil. from base of $86.710 bil.( 100%)
$185.32 billion .... Pension and Retirement Tax Benefits
Increased $16.85 bil. from base of $168.470 bil.( 10%)
$211.49 billion .... Health Insurance Tax Benefits
Increased $70.5 bil. from base of $140.990 bil.( 50%)
$147.34 billion .... Housing Tax Benefits
Cut $16.36 bil. from base of $163.710 bil.(-10%)
$159.99 billion .... Other Individual Deductions and Expenditures (No Change)