Bush proposes record $3.1 trillion budget

US President George W Bush proposed on Tuesday a record $ 3.1 trillion budget for fiscal 2009 that widens the government deficit with an economic stimulus and expenditures for the war in Iraq.Bush's spending plan, sent to Congress for the fiscal year starting October 1, forecasts heavy deficits for the government - $ 410 billion for the current year and $ 407 for the coming fiscal year.It is the first budget plan over $ three trillion.Bush proposes $ 515.4 billion in defense spending for the upcoming year, up from $ 479.5 in fiscal 2008.The plan includes $ 70 billion dedicated for the ''global war on terror''.He also budgeted over the current and upcoming year $ 145 billion for the economic growth package the White House and Congress are working to pass to help revive flagging economic growth.The document includes a five-year budget outline that would temporarily increase the deficit for 2008 and 2009 before paring it in subsequent year.''The president's 2009 budget proposes to boost near-term economic growth, restrain spending, and reform entailments, leading to a balanced Budget by 2012 and a more fiscally prudent path for the long term,'' Bush said in his budget message