President Bush proposed a
$2.9 trillionbudget for fiscal year 2008 (1 Oct 2007-30 Sep 2008).
The Bush budget allocates
$623 billionfor defense and that figure includes
$142 billionfor wars-in-progress. A politician was quoted saying: "The sums involved in the defense budget requests are staggering."
The Bush budget increases spending on "basic science research" by
The Bush budget raises the maximum Pell grant to
$4,050over five years. Pell grants have not been increased since 2003. To offset costs, interest-rate subsidies to private lenders will be reduced by "half a percentage point" saving the government an estimated
$12.4 billionover five years.
More... About Pell Grants
Pell grants covered only 33% of the average cost of tuition, fees, room and board at a public college or university in 2005-06, down from 42% in 2001-02, according to the College Board. Twenty years ago, the maximum Pell grant covered nearly 60% of that cost.
The Senate passed a "$2.9 trillion budget blueprint for fiscal 2008" by a
52 to 47 vote. There are
100 senators; therefore, it appears as though
_______%of the senators voted. The number of "yes" votes exceeded the number of "no" votes by
Creator: Gerald D. Thurman
Created: 05 February 2007