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Old 11-11-2005, 03:09 PM   #1
BigV
Goon Squad Leader
 
Join Date: Nov 2004
Location: Seattle
Posts: 27,063
Congressional Hypocrisy

Current budget battles:

Congress wants to "trim the deficit" by reducing the budget by about $50 billion dollars. Programs targetted for cuts: Medicaid, food stamps and federally guaranteed student loans. Hardly the darlings of the politically connected.

Also, in the works is a tax cut extension worth $70 billion, mostly benefitting the highest earners.

Slated to come into effect 01 Jan 2006: $150 billion in tax cuts passed five years ago. Why would you make something touted as beneficial only effective in such a delayed fashion. Because the bill to pay for it is separated from the debate on it's worth. Of course, this debate happened before all the trouble of 11 Sep 2001 and the subsequent wars. BIG expensive items that were not part of the discussion about the appropriateness of massive tax cuts.

But will there be such a discussion now? I certainly hope so. I hope you all raise holy hell. Ready? Go!
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