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For Immediate Release
Office of the Press Secretary
February 4, 2008

Fact Sheet: The President's FY09 Budget

The President's FY09 Budget

Addresses Immediate Economic Challenges

Includes a bipartisan economic growth package that spurs investment and strengthens the Nation's economy.

Promotes and preserves the American dream of homeownership though education and assistance to combat foreclosures and maintain a stable, healthy housing market.

Ensures Sustained Prosperity

Makes tax relief permanent for long-term economic growth and sustainability.

Improves access for more Americans to affordable health care by fostering a marketplace, encouraging competition, and improving efficiency.

Builds on the success of No Child Left Behind through support of proposals to reauthorize and strengthen the law while also proposing policies to make college more affordable for families.

Keeps the U.S. the most innovative nation in the world by implementing the American Competitiveness Initiative (ACI).

Increases energy security by focusing on renewables, accelerating technological breakthroughs, and expanding traditional sources to reduce our reliance on foreign oil.

Keeps America Safe

Supports the national defense and funding for America's troops.

Enhances homeland security and terrorism prevention.

Promotes peace, democracy, and economic opportunity worldwide through diplomatic, development, and reconstruction activities.

Balances the Budget by 2012

Maintains proven pro-growth policies – keeping taxes low and restraining government spending – to ensure that near-term deficits are overcome and we achieve a surplus in 2012.

Continues to address the long-term challenge of unsustainable entitlement spending.

Improves results of government programs and instills greater transparency so that taxpayer dollars are spent wisely.

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