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Keyword: fiscal2005

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  • No Deficit of Courage, by Josh Bolton, Director of OMB

    11/24/2004 5:05:12 AM PST · by OESY · 2 replies · 714+ views
    Wall Street Journal ^ | November 24, 2004 | JOSHUA BOLTEN
    ...When the president released his Fiscal 2005 Budget in February calling for a disciplined budget, some politicians and pundits dismissed it as "dead on arrival." They warned that its spending limits could not be met or would require devastating reductions in key priorities. They were wrong. To the credit of key leaders, the Congress stayed within budget limits and met key priorities. While the appropriations bills are not perfect, they honor the goals President Bush set last February: overall discretionary spending in Fiscal 2005 will rise only 4%, the same as the average increase in American family income. The budget...