How Many Ways Can You Spend $1 Trillion?

To hear George W. Bush tell it, this budget stuff es muy facil: after paying off $2 trillion of debt, $417 billion in interest and $1.6 trillion in tax breaks, he will still have $1 trillion in reserve over the next decade. Democrats say Bush has made enough expensive promises to spend that trillion almost three times over.

BUSH SAYS

The President plans to devote his contingency fund to as yet unbudgeted policy goals. He estimates $156 billion will go to reform Medicare. And though he won't give numbers while Don Rumsfeld conducts his review of the Pentagon, a large chunk...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!