State of the Union
Reforms To Spend Tax Dollars Wisely
Tonight, President Bush Will Discuss Three Major Reforms To Spend Tax Dollars Wisely And Keep America's Economy Strong. Next week, the President will deliver a full report on the state of our economy, which has added more than 7.2 million jobs since August 2003. Americans are finding jobs and taking home more pay.
To Spend Tax Dollars Wisely, We Must:
Balancing The Budget Through Pro-Growth Policies And Spending Restraint
Earlier This Month, The President Announced He Will Propose A Balanced Budget. On February 5, the Administration will present its five-year budget proposal. The President's budget will reduce the deficit over the next five years and produce a balanced budget by 2012. The Budget will achieve balance while addressing the Nation's most critical needs, including support for the Global War on Terror and sustaining the strength of our economy through permanent tax relief.
Enacting Common-Sense Reforms To Help Prevent Billions Of Taxpayer Dollars From Being Spent On Unnecessary Earmarks
Earmark Reform Will Help Eliminate Wasteful Spending. Earmarks are provisions included in legislation that are often not subject to legislative or public scrutiny and that often lead to wasteful Federal spending. Earmarks have tripled in number over the last decade and have increased spending by billions of dollars. The President applauds Congress' progress in requiring the disclosure of the sponsors, costs, recipients, and justification for each earmark, and calls on Congress to go further by enacting comprehensive earmark reform that brings greater transparency and accountability to the Congressional budget process, including:
Reforming Entitlement Programs To Address The Longer-Term Fiscal Challenge Facing Our Country
The President Believes Balancing The Budget Through Pro-Growth Economic Policies And Spending Restraint Better Positions Us To Tackle The Longer-Term Fiscal Challenge Facing Our Country: Reforming Entitlements. Reforming Social Security, Medicare, and Medicaid will enable future generations to benefit from these vital programs without bankrupting our country. The President has led the way in focusing attention on this problem and in promoting real solutions, and passing legislation to enact such reforms will require bipartisan cooperation.