Waterborne Transportation Industry News

News: 2004 Budget Proposal Raises Inland Ire

The record $2.2 trillion U.S. budget proposal is out, and, predictably, the political posturing and positioning for additional dollars has begun in earnest. This year's budget from the President, with its heavy emphasis on defense and homeland security, has outraged a broad spectrum of the inland waterways industry, based on comments delivered by influential organizations in the immediate aftermath of its release. The $2.2 trillion budget includes $380 billion for the nation's military, a $15 billion (4.2%) increase. The new budget provides $41 billion for total homeland security spending. Excluding Department of Defense spending, the budget includes $35 billion for homeland security, a $2.5 billion or 7.6% increase that more than doubles funding over the past two years.