Word: budgeting
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President George W. Bush spent Monday morning cautioning a group of young CEOs about excessive spending. It was clear that his statement was primarily aimed at Congress - a warning that he is serious about vetoing Democratic plans to add $22 billion to next year's budget for education, health and veterans' programs. But Bush's fighting words aren't just about the current battle over spending - they are as much about his efforts to shape his legacy as a committed fiscal conservative, all prior evidence to the contrary...
...President who has famously never vetoed a spending bill is suddenly concerned with an increase that amounts to 2.4% of the $933 billion budget he requested for fiscal 2008. The man who created the $140 billion Medicare prescription drug program is threatening to veto a bill that would grow state children's health care programs by $35 billion. And out of the blue Bush is suddenly talking entitlement reform again, two years after his push to overhaul Social Security died...
...regardless of the immediate political cost over a possible veto of SCHIP, these are fights the President welcomes in his last 16 months in office. After the largest expansion of government since Lyndon Johnson's Great Society four decades ago, he is bending over backward to show committed budget hawks that he is really one of them. Earlier this week the White House went so far as to say that the President was making a stand on SCHIP because it was a "philosophic issue...
...that Bush threatened to veto Republican spending bills 146 times in the last six years. Given the recession Bush inherited, the corporate scandals, the 9/11 attacks and their effect on the economy, plus the war on terror, Katrina and border security, it's practically a miracle that the budget is on track to be balanced by 2012, Rove said in an interview...
...Take out military spending, which I don't think a single conservative would begrudge. Take out border security - we've tripled the budget for border security - and again, I don't think many on the right would begrudge those expenditures or the money, and we've kept other discretionary spending virtually flat, often below the rate of inflation," Rove said. "Are there parts of the budget that we've grown? Yes. But if you look at the discretionary domestic side of the budget, you'll see we've put the brakes on pretty hard...