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[Report] SENEWS-2008-02-08 Report

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This is the VOA Special English Economics Report.

This week President Bush sent Congress the final budget of his presidency. The spending plan for 2009 will give the federal government its first budget over 3 trillion dollars. Deficit spending would come close to the record of four hundred thirteen billion dollars in 2004.

But the administration predicts of balanced budget by 2012. The budget proposal for next year includes increases for the departments of defence and homeland security. It calls for spending seventy billion dollars on the wars in Iraq and Afghanistan. But the full cost for the year is expected to be higher.

The President has been providing money for the wars though emergency spending measures. The administration proposes cuts in the gross of medicare and medicaid. medicare is government health insurance for older people. medicaid pays for medical care for the poor.

The move is unpopular in Congress. But White House Budget director J.L says the budget reduces gross in these programs to a level the nation can afford. The present budget includes a short term economic gross plan. It also includes an extension of tax cuts along with the assistance for home owners and more spending for scientific research.

Democrats say the budget spends too little on important services and too much when it comes to increasing the national debt. Senate budget committee chairman C. says total debts were about six trillion dollars at the end of President's first year. At the end of eight years in office, he says, that number is expected to rise above ten trillion.

Conservatives in President Bush's Republican party, also criticize the gross in government spending. He entered office with a budget surplus in general of 2001. But his budget director notes that the United States latter suffered terrorist attacks and natural disasters that requires spending more.

The new budget year begins October 1st. Generally, a lot of changes are made in the last budget of a president who is leaving office. This is true especially when Congress is governed by the opposition party.

For the first time, congress receive the president's budget request in electronic form. Lawmakers and members of the the public can buy traditional printed copy of the huge document if they wish.

And that's the VOA Special English Economics Report written by Mario Ritter. For transcripts and Mp3s of our reports, go to voaspecialenglish.com. I'm Steve Ember.
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This is VOA special English economics report
This week president bush sent congress the final budget of his president. The spending plan for 2009 will give the federal government its first budget over three trillion dollars.
Deficits spending would come close to the record of 413 billion dollars in 2004. but the administration predicts balanced budget by 2012. the budget proposal for next year includes increases for the departments of defense and homeland security.
Because for spending 17 billion dollars on the wars in Iraq and Palestine. But the full cost for the year is expected to be higher. The president has been providing money for the wars through emergency spending measures.
The administrations proposals cuts in the growth medical care and medicate. Medical care is government health insurance for older people.
Medicate pays for medical care for the poor. The move is unpopular in congress. But white house budget director says the budget reduces growth is this programs to level the nation can afford. The present budget includes short term economic growth plan. It also includes an extension of tax cuts along with the assistance for homeowners and more spending for scientific research.
Democrats say the budgets spends too little on important services and too much when it comes to national debt. Senate budget commit chairman congress says total debts were about 6 trillion dollars at the end of the presidents first year.
At the end of eight years in offices he says that the numbers are expected to rise above to trillion. Conservatives in president bush republic party also criticize the growth in government spending.
He entered the office with a budget surplus in January of 2001. but the budget director notes that the united states later suffered terrorist attacks and natural disasters, that requires spending more. The new budget year begins October 1st.
Generally, a lot of changes are made in the last budget of a president who is leaving office.
This is true especially when congress is governed by the opposite party. For the first time congress received the president budget request in electronic form. Lawmakers and members of public and buy traditional printed copies of the huge document if they wish.
And that’s VOA special English economics report written……
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