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 WASHINGTON (AP) - President Bush on Wednesday challenged Democrats taking over Congress to join him in balancing the budget within five years and urged them to cut thousands of pet projects from future spending bills.
Top Democrats reacted cautiously — or not at all — to Bush's plan, which assumes Congress will renew tax rate cuts passed in 2001 and maintain tax cuts on investments, inheritances and many other items.
"We welcome the president's newfound commitment to a balanced budget, but his comments make us wary," said incoming House Budget committee Chairman John Spratt, D-S.C. "They suggest that his budget will still embody the policies that led to the largest deficits in history."
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