Thursday, November 17, 2005

GOP Leaders Try to Salvage Budget Cuts

The AP reports:
The 224-209 vote against a $602 billion spending bill for health, education and labor programs disrupted plans by the Republican leaders to finish work on 11 spending bills that would pay for government operations and freeze many agency budgets through next September.

Democrats were unanimous in opposing that one-year appropriations bill. "It betrays our nation's values and its future," said House Minority Whip Steny Hoyer, D-Md. "It is neither compassionate, conservative nor wise."

A companion deficit-reduction bill that would slice $50 billion from the deficit through the end of the decade, also faces unanimous opposition from Democrats, as well as from many moderate Republicans who are unhappy with cuts to Medicaid, food stamps and college loan subsidies.

It would cut from so-called mandatory programs whose budgets increase automatically every year. The proposed savings are modest considering the $14 trillion the government is set to spend during the five-year period.
That's right out of 14 trillion over 5 years neither party can cut even a rather small $50 Billion.Does paying for free medical care for Warren Buffett because he's over 65, "compassionate,conservative,or wise."