30 September 2008

Meanwhile, Congress Approves $600 billion-plus For "Defense" (i.e. Offensive Military) and Approves Off-Shore Oil Drilling Scheme

All eyes on the "bailout bill," Bush just signed a spending bill that dedicates more than $600 billion to "defense" (i.e. offensive military) spending. They also approved the off-shore oil drilling that made headlines in August (but was utterly ignored this week), and $25 billion to subsidize automakers.

ARTICLE: Bush signs sprawling spending bill
Highpoints of the Article: President Bush on Tuesday signed a sprawling, stopgap spending bill to keep the government running for the next 12 months. The president's move, which came on the last day of the government's budget year... The $630 billion-plus spending bill wraps together a record Pentagon budget with aid for automakers and natural disaster victims [emphasis added]... The measure also lifts a quarter-century ban on oil drilling off the Atlantic and Pacific coasts, a victory for Bush and fellow Republicans... The measure is dominated by $488 billion for the Pentagon, $40 billion for the Homeland Security Department and $73 billion for veterans' programs and military base construction projects... Automakers gained $25 billion in taxpayer-subsidized loans.
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