President Cuts USCG Funding
On August 13, President Bush hosted the President's Economic Forum at Baylor University in Waco, Texas, bringing together a variety of individuals to discuss the fundamentals of the economy and the President's agenda to increase economic growth for the future.
From the President's Statement at the Economic forum Plenary Session, President Bush indicated that he will refuse to spend a $5 billion package included in the 2002 Supplemental Appropriations Act for Further Recovery from and Response to Terrorist Attacks on the United States stating, "Congress, for the long-term economic security of America, needs to restrain spending....
And if the Congress won't show spending restraint, I intend to enforce spending restraint." The President is opposed to several of the individual expenditures in the package, including $273 million in supplemental funding for the Coast Guard: "But those who wrote the bill designed it so I have to spend all $5 of the extra billion dollars or spend none of it.
That's how they wrote the supplemental.
Those are the rules they placed upon my administration. 1 understand their position, and today they're going to learn mine. We'll spend none of it." That supplemental funding is now rescinded.
Other stories from September 2002 issue
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- Northrop (arumman Unloads Hair-built 1 roiect America ohip to JNLL page: 10
- Oil Recovery Project Makes Progress page: 11
- Crowley Christens Tug Response page: 14
- NASSCO and TOTE Christen Midnight Sun page: 15
- " T a x i ! ? " page: 16
- Kvaerner Masa-Yards Delivers Carnival Legend page: 17
- Crewing and Maritime Security page: 18
- President Cuts USCG Funding page: 21
- Bollinger Builds Next Generation Liftboat page: 21
- Three Hulls = One Ship page: 22
- What Hull Shape Is Best? page: 27
- Advances in CAD and CAM System Integration page: 30
- Precision Ship-Handling Writ Large page: 34
- NautiCast Offers AIS Solution page: 38
- Modern Maid-of-All Work page: 40
- Green GL Passports For Boxship Trio page: 40
- A German Ferry for All Harbors page: 43
- Optimal Electric Ship Propulsion Solution page: 50
- New Technology Has Promising Maritime Applications page: 52
- Stern Tube Lubricant Absorbs Costs page: 58
- The New Hunter/Gatherers page: 60
- Interactive Format for Repair and Conversion's Main Event page: 64
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- Halter is Back page: 68
- Halter Moss Point: This Way is Up page: 71
- Stealthy ROV Keeps Divers Out of Danger page: 73
- New Center for Fire and Evacuation Safety page: 75
- U.S. Market: Foundation for the Future page: 78
- Port Authority Receives Approval page: 87