Let me translate.
We have an Ignorant Bully who would rather spend huge amounts of money destroying sovereign countries and paying friends equally huge amounts to rebuild it ( odd how you don't hear about 87 billion for rebuilding Afghanistan ), than providing the minimal funds to upkeep the greatest source of insight to the universe man has ever had.
Oh, I suppose Afghanistan having no oil might be why it doesn't need rebuilding, and Bushes Deep religious beliefs might be threatened by the NASA science being supported by the telescope. But No , it is more likely just the standard stupidity and short sighted actions of insincere politicians showing through.