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Bush To Cut Domestic Spending

By Matt Margolis | December 16, 2004

I wouldn’t expect Democrats to be happy about this.

The White House is telling federal agencies to expect lean budgets next year, with congressional aides and lobbyists saying President Bush appears ready to propose freezing or even slightly cutting overall domestic spending.

Targeted would be all annually approved programs except for defense and domestic security. Excluding those two would leave a part of the budget the administration estimates will total $388 billion for the fiscal year that began Oct. 1. Also excluded are automatically made payments like Social Security and interest on the federal debt.

Expect a fight from the Democrats, they’re going to want to raise our taxes.

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