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Old 02-06-2006, 10:48 AM
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Default President's $2.77 trillion budget sent to Congress today

Among other things, the budget addresses some of the issues highlighted in the SOTU last week. So, it seems like an appropriate first step in the right direction.

Highlights of the budget as posted on CNN.com.

Bush, hoping to get his domestic agenda back on track after a year of political setbacks, sent Congress a budget blueprint that emphasizes keeping the country strong militarily while offering mostly modest initiatives to deal with voter anxiety about rising global competition, soaring energy prices and skyrocketing medical bills.


Set for higher spending, as highlighted in Bush's State of the Union address, are programs to address soaring energy costs through development of alternative fuels, rising medical bills through expanded health savings accounts and global competition through a new "American Competitiveness Initiative."

That initiative would extend an expired business tax break for research and development, double the government's commitment to basic scientific research and train thousands of new science and math teachers.
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