As you’ve probably seen by now, in all the usual media sources, Bush has sent his proposed budget for FY 2008 to Congress.
My “favorite” parts:
- A 10% increase in defense spending in Iraq and Afghanistan, with a significant reduction in 2009 and nothing budgeted in 2010 and beyond.
- In spite of his calls to reform Medicare and Social Security, the only substantive change proposed is personal accounts, again. And…
- A 10% cut in federal spending on education.
I suspect that this isn’t going to fly in the halls of Congress.
So, does anyone want to take any bets on how far into FY 08 it will be before a budget is actually set?