Congress to buy Bush a Yacht

Mydd.com reports that Congress is trying to buy back the Sequoia Presidential Yacht which was sold thirty years ago. It will cost tax payers 2 million dollars. The Mydd story is below. I remember Bush saying something about balancing the budget by limiting "wasteful spending." Does Bush consider a 2 million for a yacht wasteful?

Congress Buys Yacht for Bush
by Chris Bowers

This was awfully nice of them:
Republicans whisked a $388 billion spending bill through the House on Saturday, a mammoth measure that underscores the dominance of deficit politics by curbing dollars for everything from education to environmental cleanups.(...)
Also enacted during the postelection session was an $800 billion increase in the government's borrowing limit. The measure was yet another testament to record annual deficits, which reached $413 billion last year and are expected to climb indefinitely.(...)

[The bill included] a potential present for Bush himself, $2 million for the government to buy back the presidential yacht Sequoia. The boat was sold three decades ago.

Fiscal conservatism at its best.