President Bush's 2008 budget, to be released this morning, proposes to eliminate the deficit by 2012 with many spending cuts in various national health and well-being programs.

• $101.5 billion in cuts to Medicare and Medicaid over five years
• $223 million reduction in spending on the Children's Health Insurance Program, with cuts deep enough over five years to eliminate coverage for half of the children enrolled today
• $99 million savings by eliminating a childhood obesity prevention program
• $40 million cut in the Low-Income Home Energy Assistance Program, a program which helps people pay for their heating bills
• $9 million less for fighting cancer by reducing the National Cancer Institute's budget

Stay tuned for more of Bush's Big Budget Blow-out of '08