Bush’s spending plan would make his first-term tax cuts permanent, at a cost of $1.6 trillion over 10 years. He is seeking $78 billion in savings in the government’s big health care programs — Medicare and Medicaid — over the next five years.
The president’s budget would also reduce spending for Medicare and Medicaid, the federal government’s health programs for the elderly and the poor, by about $100 billion over five years. And it would provide insufficient extra cash to maintain coverage for poor children currently enrolled in the Children’s Health Insurance Program.
A more moderate series of proposals failed to pass the 109th Congress, which had a Republican majority. I will let the readers guess what the hell the president was thinking.
via Steve Benen.