Mixed Reviews for Presidential Budget
February 5, 2008
by Scholarships.com Staff
On February 4th, President Bush unveiled his much criticized national budget to a frustrated Congress. Members of both parties found fault with the president for his proposal to increase funding for the military at the expense of Medicare. According to the Los Angeles Times, President Bush’s proposal could slow the growth of Medicare programs by nearly $208 billion over the next five years.
The budget for the Department of Education, on the other hand, was received with mixed reviews. A firm advocate of scientific research, the president proposed that funds for physical-science research, much of which would go to colleges and universities, increase in the upcoming year.
While physical scientists cheered in one corner, medical researchers jeered in the other. Once again, The National Institute of Health (NIH), the primary government agency responsible for health-related research, was upset with the president's funding proposal.
After his decision to veto a bill that would increase NIH funding in November, the president's budget did not come as much of a surprise. Upon hearing last year's proposal, Bush claimed that Congress was, "acting like a teenager with a new credit card." Ironically, if Bush's budget is approved, skyrocketing national debt is expected. The current U.S. debt could more than double over the next two years if Congress chooses to accept the budget. More likely, the proposal will be stalled until President Bush leaves office.