Skip to ContentText OnlyGo to Search
Welcome to the White HousePresidentNewsVice PresidentHistory & ToursFirst LadyMrs. Cheney
Welcome to the White HouseGovernmentKids OnlyEspanolContactPrivacy PolicySiteMapSearch
Welcome to the White HouseReceive Email Updates
 
 Home > News & Policies > Policies in Focus > Budget Management
Email this page
President George W. Bush places his hand on a large stack of legislative earmarks as he addresses the employees at Micron Technology Virginia in Manassas, Va., Tuesday, Feb. 6, 2007, on the economy and fiscal responsibility. President Bush voiced his concern about earmarks being slipped into spending bills saying, 'If Congress is genuinely concerned about spending your money wisely, and I believe most members are, then, they must do something about earmarks.' White House photo by Paul Morse
President George W. Bush places his hand on a large stack of legislative earmarks as he addresses the employees at Micron Technology Virginia in Manassas, Va., Tuesday, Feb. 6, 2007, on the economy and fiscal responsibility. President Bush voiced his concern about earmarks being slipped into spending bills saying, “If Congress is genuinely concerned about spending your money wisely, and I believe most members are, then, they must do something about earmarks.” White House photo by Paul Morse

THE PRESIDENT’S 2008 BUDGET
Reducing Deficits Each Year and
Balancing the Budget by 2012

The President’s FY2008 Budget reduces the deficit each year and reaches a balanced budget within five years. A strong economy and better spending restraint will help us achieve this goal, while continuing to invest in the Nation’s prosperity and security.

Keeping the Economy Strong
  • The Budget makes tax relief permanent to ensure our strong economic growth continues.
  • Since the President’s tax relief took effect, increased innovation and investment has created more than 7 million new jobs, and helped boost wages.
  • Pro-growth polices that focus on providing quality education, affordable health care, energy security, and making Americans more competitive will sustain economic growth and prosperity for future generations of all Americans.
Spending Taxpayers Dollars Wisely
  • The Budget holds the growth in non-security discretionary spending to one percent, well below the rate of inflation.
  • Budget reforms, including comprehensive earmark reform and a legislative line-item veto, will help eliminate wasteful and unnecessary spending.
  • Sensible reforms are needed to slow the unsustainable growth of entitlement spending.
Combating Terrorism and Protecting the Homeland
  • The Budget supports our troops fighting terrorism, strengthens our military for the future, supports our efforts on the diplomatic front and protects our homeland from attack.
  • This Budget improves the timeliness and specificity of the information provided to Congress and the American public about the cost of the war.
  • It shows the full cost of the war through the rest of the President’s term –and also provides detailed justifications.
Email this page