Here's a cursory report on the budget Bush has submitted for fiscal year 2005. The main points: $2.4 trillion total, a $521 billion deficit, increases in defense and homeland security, talk of keeping spending down elsewhere.
It's tough to say what any of it means yet for a couple of reasons (though on its face it's already a fat budget): First, the devil is in the details and until one pores through the text, you can never be sure what's really in there. Second, by the time this thing gets drafted and redrafted and through Congress, it'll look a whole lot different (and a whole lot bigger).
This much seems certain: Bush's track record on spending and cutting back government is crap, even beyond dollars shoveled at defense and homeland security.