The President's 2004 budget proposal focuses on the priorities of:1) protecting the nation from foreign threats and terroriststhrough defense and homeland security increases; and 2) helping theeconomy get back on track by reducing taxes.
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The Congressional Budget Office's latest budget projections should serve as a wake-up call to fiscal conservatives in Congress and the White House. Unless they restrain spending, they'll see budget deficits jeopardize the tax-relief agenda and imperil much of the hard-fought progress achieved over the past three years.