Reviews of FY2005 Federal Budget

From the Center on Budget and Policy Priorities a fact sheet and a new report, Analysis of the President’s New Budget.

  • “Between 2000 and 2004, the budget declined by an amount equal to 6.6 percent of GDP, from a surplus of 2.4 percent of GDP to a deficit of 4.2 percent of GDP. This was the largest budgetary deterioration in U.S. peacetime history. The steep drop in revenues — which fell by an amount equal to 5.0 percent of GDP during this period — was responsible for 76 percent of this deterioration.”
  • See also Homeland Security Watch – Dissecting the Budget Proposals by Thad Hall: “President Bush’s proposed homeland security budget for fiscal year 2005 calls for a $3.6 billion increase in funding for the Department of Homeland Security.”
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