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Tuesday, November 13, 2007

Bush Vetoes Dems' Health And Education Bill

President Bush, escalating his budget battle with Congress, on Tuesday vetoed a spending measure for health and education programs prized by congressional Democrats.
He also signed a big increase in the Pentagon's non-war budget although the White House complained it contained "some unnecessary spending."
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The $471 billion defense budget gives the Pentagon a 9 percent, $40 billion budget increase. The measure only funds core department operations, omitting Bush's $196 billion request for operations in Iraq and Afghanistan, except for an almost $12 billion infusion for new troop vehicles that are resistant to roadside bombs.
Much of the increase in the defense bill is devoted to procuring new and expensive weapons systems, including $6.3 billion for the next-generation F-35 Joint Strike Fighter, $2.8 billion for the Navy's DD(X) destroyer and $3.1 billion for the new Virginia-class attack submarine.
Huge procurement costs are driving the Pentagon budget ever upward. Once war costs are added in, the total defense budget will be significantly higher than during the typical Cold War year, even after adjusting for inflation.
Read more here.
Watch Bush announce his veto below:

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