House sends budget cut bill to Bush’s desk - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 02-01-2006, 08:13 PM   #1
Blue Crack Addict
 
U2Girl1978's Avatar
 
Join Date: Jan 2005
Location: At the altar of the dark star
Posts: 19,374
Local Time: 10:11 AM
House sends budget cut bill to Bush’s desk

Body approves Congress’s first try in eight years to slow benefit programs

WASHINGTON - The House on Wednesday narrowly approved Congress’ first attempt in eight years to slow the growth of benefit programs like Medicaid and student loan subsidies, sending the measure to President Bush.

The bill passed by a vote of 216-214, largely along party lines. Republicans hailed the five-year, $39 billion budget-cutting bill as an important first step to restoring discipline on spending. Democrats attacked the measure as an assault on college students and Medicaid patients and said powerful Washington lobbyists had too much influence on it.

http://www.msnbc.msn.com/id/11133732/
__________________

__________________
U2Girl1978 is offline  
Old 02-01-2006, 08:14 PM   #2
Blue Crack Addict
 
U2Girl1978's Avatar
 
Join Date: Jan 2005
Location: At the altar of the dark star
Posts: 19,374
Local Time: 10:11 AM
I am so aggravated right now.
__________________

__________________
U2Girl1978 is offline  
Old 02-01-2006, 08:16 PM   #3
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 06:11 AM
Quote:
The spending reductions, however, could be overshadowed by up to $70 billion in tax cuts over five years, which Congress hopes to pass in the next month. That would deepen deficits.


us well off middle-aged white men will have our tax cuts - thank you very much
__________________
deep is offline  
Old 02-01-2006, 08:16 PM   #4
Rock n' Roll Doggie
 
randhail's Avatar
 
Join Date: Mar 2005
Location: Outside Providence
Posts: 3,557
Local Time: 09:11 AM
I got a kick out the fact that this is named "The Deficit Reduction Act." Hmm, you get us in a stupid fucking war, run up a huge bill, and then make your citizens suffer and try to sugarcoat it by saying it's going to help the deficit? Who in their right mind would vote these assclowns into office?
__________________
randhail is offline  
Old 02-01-2006, 08:17 PM   #5
ONE
love, blood, life
 
melon's Avatar
 
Join Date: Oct 2000
Location: Toronto, Ontario
Posts: 11,781
Local Time: 09:11 AM
I'd like to read more about their student loan subsidy cuts in detail. One of the more obscure facts about the student loan consolidation program is that, since 1990, existing law prescribed that private consolidation lenders were always guaranteed a minimum 9% rate of return. As such, since student loan consolidation rates have been about 2.8 to 3.3% over the last few years, private lenders had been raking in the 6.2% difference from tax dollars.

I'd be curious to see if the GOP targeted that, or if they just made some reckless half-assed spending cuts that are dwarfed by our massive military spending and tax cuts for the wealthy.

Melon
__________________
melon is offline  
Old 02-01-2006, 08:19 PM   #6
Refugee
 
BostonAnne's Avatar
 
Join Date: Nov 2001
Location: Massachusetts, USA
Posts: 2,052
Local Time: 10:11 AM
Quote:
Originally posted by deep




us well off middle-aged white men will have our tax cuts - thank you very much
My net pay went up due to a decrease in federal taxes. I just don't get it....
__________________
BostonAnne is offline  
Old 02-01-2006, 08:20 PM   #7
Rock n' Roll Doggie
 
randhail's Avatar
 
Join Date: Mar 2005
Location: Outside Providence
Posts: 3,557
Local Time: 09:11 AM
Quote:
Originally posted by melon
I'd like to read more about their student loan subsidy cuts in detail. One of the more obscure facts about the student loan consolidation program is that, since 1990, existing law prescribed that private consolidation lenders were always guaranteed a minimum 9% rate of return. As such, since student loan consolidation rates have been about 2.8 to 3.3% over the last few years, private lenders had been raking in the 6.2% difference from tax dollars.

I'd be curious to see if the GOP targeted that, or if they just made some reckless half-assed spending cuts that are dwarfed by our massive military spending and tax cuts for the wealthy.

Melon
Melon,

I have to say that I may not agree with all of your points, but your ball of knowledge is pretty friggin impressive. Well done!
__________________
randhail is offline  
Old 02-01-2006, 08:24 PM   #8
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,501
Local Time: 06:11 AM
Quote:
Originally posted by BostonAnne


My net pay went up due to a decrease in federal taxes. I just don't get it....
vote your pocket book

just don't look at your credit card bills
__________________
deep is offline  
Old 02-01-2006, 09:37 PM   #9
Blue Crack Addict
 
nbcrusader's Avatar
 
Join Date: Aug 2002
Location: Southern California
Posts: 22,071
Local Time: 06:11 AM
Sadly, any cut in the budget will be painted as an attack on the benefiting group.
__________________

__________________
nbcrusader is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 09:11 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com