Joshua Bolton, director of the Office of Management and Budget, speaks before the House Committee on Ways and Means, on the President’s proposed 2006 budget.
Bolton says the President’s budget will make more than 150 reductions which will save about $20 billion in 2006 alone. Bolton claims that even with increases in defense and homeland security, the growth of overall discretionary spending will still be under the rate of inflation. (:36)
February 9, 2005
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