Reversal in Budget Policy

Research Report

Reversal in Budget Policy

Bush's First vs. Proposed Second Term
February 16, 2004

Abstract

Much of the discussion over President Bush's 2004 submission of a proposed budget for fiscal year 2005 and beyond has focused on what it is not. It is not an agenda for major reform. It is not a budget that Congress appears to take seriously, especially given the number of days it is scheduled to be in session for 2004. Here, however, I wish to take the budget at face value and to see what preferences are revealed in it.

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