Major Savings and Reforms in President George W. Bush's 2009 Budget

Download or read book Major Savings and Reforms in President George W. Bush's 2009 Budget written by Executive Office of the President of the and published by CreateSpace. This book was released on 2014-09-01 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Book describes and provides funding levels for major discretionary and mandatory savings and reform proposals in the Fiscal Year 2009 Budget. These proposals will result in savings to taxpayers and improved Government services by eliminating or restructuring low-priority programs and programs that are not producing results. The proposals were guided by criteria that considered whether the programs met the Nation's priorities, constituted an appropriate and effective use of taxpayer resources by the Federal Government, and produced the intended results. In total, the Budget proposes to terminate or reduce 151 discretionary programs, reducing 2009 spending by $18 billion. These include 103 terminations saving $7 billion and 48 reductions saving $11 billion. The Budget also proposes mandatory spending reforms that will achieve an additional $16 billion in net savings in 2009, and result in $208 billion in savings through 2013. Mandatory savings proposals highlighted in this volume total $19 billion in 2009 and $233 billion through 2013, and exclude reforms that are cost-neutral or result in cost increases.