Social Security, DHS Say Bush's Budget Falls Short
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The president's budget mostly looks to the next year in a positive light. But there's some frank talk, too.
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Bloomberg - Feb. 4 (Bloomberg) -- President George W. Bush, in his the final budget, will propose a $3 trillion plan that would freeze or cut Medicare and other domestic programs and will touch off election-year battles with Congress.
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Social Security taxes will have to rise by half if lawmakers don't revamp the giant program, President Bush's budget chief said Friday as the administration sought support for its overhaul plans.
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US President Bush said that ânow is the time to confront Social Security to deal with a projected $3.7 trillion shortfall over 75 years and give younger workers the ability to invest some of their retirement money in personal accountsâ.
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President Bush will outline ideas about strengthening Social Security but will not spell out all the details of a plan to fix the system's financial problems when he delivers his State of the Union address Wednesday night.
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The Bush administration has failed to fill roughly a quarter of the top leadership posts at the Department of Homeland Security, creating a "gaping hole" in the nation's preparedness for a terrorist attack or other threat, according to a congressional report to be released today.
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President Bush said Saturday that Social Security "is on the road to bankruptcy" and unable to pay promised benefits to future generations, raising the stakes in a major political battle with Democrats.
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Hobbled by inadequate funding, unclear priorities, continuing reorganizations and the absence of an overarching strategy, the Department of Homeland Security is failing to achieve its mission of preventing and responding to terrorist attacks or natural disasters, according to a comprehensive report...
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Facing stiff resistance, President Bush began searching state-by-state for support for his plan to overhaul Social Security and conceded Thursday that not all lawmakers believe the program has a serious problem.
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President George W. Bush on Thursday ruled out raising payroll taxes to help pay for Social Security reform, a transition experts have estimated will cost $1 trillion to $2 trillion.
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There's one thing I think we can all agree on when it comes to President's Bush's proposal to set up personal investment accounts as part of the Social Security program: As the saying goes, the devil is in the details and the details are woefully lacking.
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President Bush on Monday proposed a &#36;2.5 trillion budget that slashes domestic programs from farm aid to housing grants for the poor, as he sought to curb budget deficits that have soared on his watch.
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With the new fiscal year just a week away, President Bush and the Democratic-controlled Congress are far from an agreement on the proper level of spending for myriad federal programs.
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The ambitious wish list launched by the successful campaigns of President George W. Bush and Congressional Republicans ran smack into the harsh reality Wednesday that the United States is short on cash.
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From fewer Head Start programs to outdated police gear, the proposed federal budget calls for spending cuts close to home.
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President George W. Bush hopes to   revive his plan to overhaul the U.S. Social Security retirement   program if his Republican party keeps control of the Congress   in the November midterm elections, the Wall Street Journal   reported on Saturday.
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Officials from the State Department and the Government Accountability Office disagreed yesterday over whether spending by Iraqi government ministries in 2007 accurately reflected claims of progress the Bush administration made last fall.