This paper analyzes the Bush Administration's budget request for homelessness programs, and argues that it promised little to alleviate the suffering of homeless people. The paper asserts that the proposal is the weakest in years, with overall spending down by 7 percent when adjusted for inflation. Programs hardest hit are new funding to increase the availability of housing affordable to low income and very low income persons. In total, the president requested 1.06 billion dollars for targeted homeless programs. However, funding needed to continue the previous year's programs at current services would be 1.09 billion dollars. The analysis examines federal programs that specifically target homeless persons, including the Stewart B. McKinney Homeless Assistance Act and its programs for educational access for homeless children, low income housing programs, homelessness prevention programs, and several other programs for low income persons that benefit homeless persons. Programs in the following sections of the Federal Government are examined: Department of Agriculture, Department of Education, Emergency Management Agency, Department of Health and Human Services, Department of Housing and Urban Development, Department of Labor, Interagency Council on the Homeless, and Department of Veterans Affairs. This report also contains two tables based on Office of Management and Budget data, one that compares spending in 1992 with proposed figures for 1993, and another that looks at budget authority and budget outlays by agency and department. (Contains 2 references.) (JB)