Bush budget would cut most R&D programs

摘要

On February 7, President Bush released his proposed budget for FY 2006. Against a backdrop of record-breaking federal budget deficits, a continuing and costly war in Iraq, an expansion of Medicare to pay for prescription drugs, and expensive proposals to introduce private accounts for Social Security in the future, the federal investment in R&D would barely grow in FY 2006, with cuts in R&D programs outnumbering increases. In order to restrain the budget deficit, the president proposes to hold nondefense discretionary spending flat for the third year in a row.