Bush reveals 2007 Budget Cuts

A couple of days ago Bush said that his administration plans to cut the budget deficit in half while reducing taxes over the course of 5 years. Today, he revealed more details about how he was going to do this. Surprisingly on the list was eliminating Project Gear Up, thereby saving $300 million. This program may sound familiar because I mentioned it a few weeks ago in a post concerning boys falling farther behind girls in education. With the specific mentioning of elimination funding for the program in a speech, I guess that answers the question if Bush thought it was a good idea. The idea of making small cuts in the overall budget, such as eliminating Project Gear Up, is that all these small saving will add up to savings of almost $200 billion overtime-- this is similar to turning off the water while brushing your teeth.. all these small cuts really add up quickly in the long-run. Frankly, I will have to say Bush is really on a roll... he is has also proposed to cut $200 million from oil company subsidies. You can view the budget deals at the OMB website.