The following observations are based upon 2011 Budget Authorization Act
There are several categories listed in the table from this page, among these 9 categories, Space Technology gets a big boost and Space Operations gets a major cut. The cut for Space Operations comes from the retirement of the Shuttle. There are some cuts and increases among other categories such as Commercial Spaceflight coming out ahead and Astrophysics taking a cut.
This budget request is not anything dramatic in my opinion. It is good to see Commercial Spaceflight getting a raise, but I would like to see more aggressive pursuit of this capability.
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