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the spending proposal, which shows the government spending $3 trillion
in a 12-month period for the first time in history, squeezes most of
government outside of national security, and also seeks $196 billion in
savings over the next five years in the government's giant health care
programs -- Medicare for the elderly and Medicaid for the poor.
Even with those savings, Bush projects that the deficits, which had been
declining, will soar to near-record levels, hitting $410 billion this year and
$407 billion in 2009. The all-time high deficit in dollar terms was $413 billion
DEFICITS: The plan will claim deficits in the $400 billion range for this
year and next
DEFENSE: The Pentagon would get a $35 billion increase to $515 billion
for core programs, about 7 percent, with war costs additional
MEDICARE AND MEDICAID: The programs will see almost $200 billion
in cuts over the next five years, about three times the savings proposed
last year but rejected by Congress
HEALTH: Health and Human Services Department funding would be cut
by $2 billion, amounting to a 3 percent reduction
HOMELAND SECURITY: Overall, the budget for homeland security
programs will increase by almost 11 percent