Budget Boosts Defense Spending, Cuts Medicare The White House releases its budget for the 2007 fiscal year. The plan totals $2.77 trillion -- with sizeable increases in defense and homeland security spending. But it also reduces funding to more than 140 social programs, including Medicare -- and assumes some tax cuts will be made permanent.
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Budget Boosts Defense Spending, Cuts Medicare

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Budget Boosts Defense Spending, Cuts Medicare

Budget Boosts Defense Spending, Cuts Medicare

Budget Boosts Defense Spending, Cuts Medicare

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The White House releases its budget for the 2007 fiscal year. The plan totals $2.77 trillion — with sizeable increases in defense and homeland security spending. But it also slashes funding to more than 140 social programs, including Medicare — and assumes some tax cuts made in 2001 and 2003 will be made permanent.