Federal budget presentation FINAL WITH NOTES Nov 1

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Federal Budget Update The Deficit Matters Even More University of California Regents’ Meeting November 16, 2005 Bruce B. Darling Senior Vice President University Affairs

Slide2: 

“We’re working on a plan for pushing significant reductions in mandatory and discretionary spending…..I encourage Congress to push the envelope when it comes to cutting spending.” — President Bush October 26, 2005 following a meeting with the Speaker of the House and the Senate Majority Leader

Non-Defense R&D Spending, FY 1986-2006 (in billions of constant FY 2005 dollars) : 

Non-Defense R&D Spending, FY 1986-2006 (in billions of constant FY 2005 dollars) 70 60 50 40 30 20 10 0 1986 1990 1995 2000 2006 Year Budget Source: AAAS Analyses of R&D Department of Homeland Security (DHS) NIH Non-Defense R&D minus NIH and DHS

OMB Pre-Katrina Discretionary Spending Projections (July 2005): 

OMB Pre-Katrina Discretionary Spending Projections (July 2005) 451 477 496 519 531 388 350 400 450 500 $550 2006 2007 2008 2009 2010 Year Billions of Dollars Defense and Homeland Security Spending Non-Defense Domestic Spending

FY 2006 Proposed Cuts in Mandatory Programs: Potential Impacts : 

FY 2006 Proposed Cuts in Mandatory Programs: Potential Impacts

Federal Budget Update The Deficit Matters Even More : 

Federal Budget Update The Deficit Matters Even More