securitas writes "This afternoon George Bush announced space exploration plans for the USA to return to the Moon by 2015, the design and construction of a new space vehicle fleet by 2014 (called the Crew Exploration Vehicle) to replace the aging space shuttles which will be retired in 2010, and the construction of a permanent Moon base, followed by manned missions to Mars. The initiative begins with a $1 billion increase to NASA's budget and $12 billion in new space exploration money over next five years. However Congress is concerned about how to pay for the new space policy initiative in the face of a $500 billion national budget deficit. AP via Yahoo has a Moon/Mars/space policy FAQ, and there's more at NASA and the New York Times among others."
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