### Proposed U.S. 2008 Fiscal Budget: \$2.9 Trillion

President Bush proposed a `\$2.9 trillion` budget for fiscal year 2008 (1 Oct 2007-30 Sep 2008).

The Bush budget allocates `\$623 billion` for defense and that figure includes `\$142 billion` for 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 `\$4.4 billion`.

The Bush budget raises the maximum Pell grant to `\$5,400` from `\$4,050` over 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 billion` over five years.

##### Exercises
1. `2.9 trillion` written as a whole number is `_____________________`.

2. A "half a percentage point" written as a numeric percent is `________%`.

3. Monies budgeted for "basic science research" represent `_______%` of the total budget.

4. As of 5 February 2007, the U.S. population approximated `301,105,525 people`. The Bush budget for fiscal year 2008 works out to be approximately `\$________ per U.S. resident`.

5. `8%` of the Bush budget is for paying interest on existing debt. Interest payments will total approximately `\$___________________` during the next fiscal year.

6. `301,105,525` written in English is `_________________`.

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 `_______%`.