Tax Cuts for the Rich overshawdow Cuts in Medicare, NASA, Farming
Bush Seeking to Limit Spending Growth in '07 Budget :
President George W. Bush is preparing a budget request for next year that officials say would carve savings from programs such as Medicare, NASA and agriculture, testing lawmakers' pledges to hold down spending in an election year.
Administration and congressional officials say Bush will propose more cuts in so-called entitlement programs as well as discretionary spending in fiscal year 2007, which begins Oct. 1, to hold down budget growth as the deficit swells with the cost of hurricane relief, the war in Iraq and subsidizing prescription drugs for senior citizens.
The budget office also aims to reduce spending on the Space Shuttle program, slicing as much as $6 billion from the projected cost of almost $70 billion in the next four years.