By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: November 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Robert Greenstein
Research Area: Banking and finance
Keywords: Economic projections; Federal budget; Economic inequality
Type: Report
Abstract:
With this veto, the President is saying that this nation can’t afford even to maintain current service levels in education, medical research, “meals on wheels†for the elderly, and other areas. In fact, he has proposed cutting funding for programs in the vetoed bill by $7 billion below the current levels, adjusted for inflation. Congress, by contrast, would boost funding by $5 billion.[1] To reach the President’s funding levels, Congress would have to cut from the vetoed bill $1.4 billion for medical research, $1.3 billion for K-12 education, and $254 million for Head Start, among other items.Â