10.26.2005
GOP Budget Cuts
Fantastic!House Republicans voted to cut student loan subsidies, child support enforcement and aid to firms hurt by unfair trade practices as various committees scrambled to piece together $50 billion in budget cuts. ...President Bush...said he was pleased with the progress.
Looks like school is about to get more expensive. And why do we need budget cuts? Oh thats right...to pay for a war in Iraq and play catch up for a botched hurricane relief effort.The House Resources Committee approved a controversial plan to raise $2.4 billion in lease revenues by permitting oil drilling in the Arctic National Wildlife Refuge.Minority Democrats opposed virtually everything that was done, saying Wednesday's actions are part of a broader GOP budget blueprint that also calls for $106 billion in new tax cuts over the next five years.
"They are targeting programs for poor people to pay for tax cuts for rich people," said Rep. David Obey, D-Wis. Once those tax cuts are passed, Obey added, deficits will be increasing again.
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