The federal government will be able to require millions of college students to shoulder more of the cost of their education under the new spending bill approved yesterday by the House and Senate.

The government moved to change its formula for college aid last year, but was blocked by Congress. Now, however, no such language appears in the appropriations bill lawmakers are considering, clearing the way for the government to scale back college grants for hundreds of thousands of low-income students.

Nearly 100,000 more students may lose their federal grants entirely, as Congress considers legislation that could place more of the financial burden for college on students and their families.

Link.

Why would they need to cut that funding? One reason is that the President wants a yacht.

Republicans whisked a $388 billion spending bill through Congress on Saturday, a mammoth measure that underscores the dominance of deficit politics by curbing dollars for everything from education to environmental cleanups.

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A potential boon for Bush himself, $2 million for the government to try buying back the former presidential yacht Sequoia. The boat was sold three decades ago, and its current owners say the yacht is assessed at $9.8 million and are distressed by the provision.

Start running ads on this. Now. I'm not sure that GOP corruption could be more evident than cutting student loans and buying the President a yacht.