Bush
PER
Bush
The budget of President Bush would increase the federal deficit by $35 billion this year and by more than $1.2 trillion over the next decade, the Congressional Budget Office which is reported on Friday. The nonpartisan budget office said that Mr. Bush's tax-cutting proposals would cost about $1.7 trillion over the next 10 years and that his proposals to partly privatize Social Security would cost about $312 billion during that period. The office also said Mr. Bush's proposals to save money on Medicare, Medicaid and most pther programsof government would offset about one-third of the cost of his other proposals.