2/06/2008

That Was Then, This Is Now

"America is leading the fight against global poverty, with strong education initiatives and humanitarian assistance. We’ve also changed the way we deliver aid by launching the Millennium Challenge Account. This program strengthens democracy, transparency, and the rule of law in developing nations, and I ask you to fully fund this important initiative."

President Bush in his State of the Union speech on January 28

"$2.225 billion for the Millennium Challenge Corporation (MCC)."

From Bush's proposed FY2009 budget for the State Department just one week later, cutting the MCC's budget by 26% from FY2008 and more than 50% below the originally-promised funding level of $5 billion

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