RealNews

Bush ramps up military spending in 2.4 trillion dollar budget

US President George W. Bush sent to Congress a 2.4-trillion-dollar election-year budget bulging with military spending, but promised to tame a runaway deficit. Bush, gunning for re-election in November, said he would trim the unprecedented 521-billion-dollar deficit for fiscal 2004 ending September 30 to 364 billion dollars in fiscal 2005. That forecast, however, excludes the expense of military operations in Afghanistan and Iraq. “The reason we are where we are in terms of the deficit is because we went through a recession. We were attacked. And we’re fighting a war,” Bush told a White House cabinet meeting. Full Story

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