Answer:
By “long-term challenges to our fiscal health”, President George W Bush means the things that will slow government spending.
Step-by-step explanation:
- In his 2006 budget message, President George W Bush speaks about restraining the government expenditure in order to meet the near term and the long term fiscal challenges facing the country.
- In order to reduce the fiscal deficit, President Bush had planned to implement his plan of cutting down the expenditure on numerous policies and schemes run by the government.