Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Proposals push spending beyond budget- 9% Real Increase ! Some Pump but can it get funded by foreigners?
By Donald Lambro
THE WASHINGTON TIMES

President Bush last night proposed an ambitious package of domestic spending that will drive up discretionary expend- itures far more rapidly than his recent predecessors. The State of the Union initiatives that he wants passed this year include more spending for the Department of Education, a new assistance fund to help manufacturers recover from their recession and funding for a major, long-term expansion of NASA's space budget. Early projections indicate passage of Mr. Bush's proposals will increase non-defense spending well beyond the 4 percent to 5 percent the administration has budgeted for the current fiscal year. The Club for Growth has put out tables showing total discretionary spending outlays — defense and nondefense spending — increased by 39 percent between 2001 and 2004.