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46 Tax Features 1 (2002)

handle is hein.tera/taxfeaturs0046 and id is 1 raw text is: axfoundation.org

anuary-February 2002 Volume 46, Number i

war on terroris
4iscal Year 2003
I spending and a

r spending inspired by
the President's Budget
'quests$2.1 trillion in
ticipates $2.0 trillion if

omelan
.rough if
As a r
pending

viving the econo
economic security
Budget includes a
on defense, a near

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Non-Defense Spending
Defense Spending
I I I  I I I  I I I I I I I I I I I I I I I I I I I I I I I I I I
'75  '80  '85  '90  '95   '00  '05e

100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%

suiting in a modest deficit,
 President's FiscalYear 200
)undation Special Report b
f economist John S. Barry.
priority the war on terrorisn
budget defines national sec
aving three primary parts:

ity actv1t,

new lnitlat1x,
Ading Ameri(

)n-etense spen

ar I

War, but it act
war, giving ris,
debate, with f
the nation to,
make financia.
This deba
the nation's ni
the war on tei
Bush's budget
flat share of t(
defense progr
to 74.6 percei

D the 'guns versus
ple questioning t]
-1 a war if it is unv
tcrifices at home
promises to be re:
spapers for the di
rism, because Pre
-oposes dedicatin
I federal spending
s, ranging from 7!
ver the period 2(

Present day budgeting is n
1rable with Vietnam-era budgc

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oubl

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argued in
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Budget, a T,
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With its
President Bu
rity broadly: