Irvine511
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maybe we can cut the department of education? HUD?
guns *and* butter!
Bush Rules Out Tax Hike to Fund Recovery
Sep 16 3:37 PM US/Eastern
By NEDRA PICKLER
Associated Press Writer
WASHINGTON
President Bush on Friday ruled out raising taxes to pay for Gulf Coast reconstruction, saying other government spending must be cut. "You bet it will cost money, but I'm confident we can handle it," he said.
"It's going to cost whatever it's going to cost, and we're going to be wise about the money we spend," Bush said a day after laying out an expensive plan for rebuilding New Orleans and the Gulf Coast without spelling out how he would pay for it.
[...]
Also Friday, White House officials said taxpayers at home will pay the bill for the massive reconstruction program and that this will mean a deeper budget deficit.
Bush said it's important that government quickly fix the region's infrastructure to give people hope. Asked who would pay for the work and how it would impact the nation's rising debt, Bush said he was confident the United States could pay for reconstruction "and our other priorities."
He said that means "cutting unnecessary spending" and maintaining economic growth, "which means we should not raise taxes."
[...]
On Friday, Al Hubbard, chairman of Bush's National Economic Council, said the disaster costs _ estimated at $200 billion and beyond _ are "coming from the American taxpayer." He acknowledged the costs would swell the deficit _ projected at $333 billion for the current year before Hurricane Katrina slammed into the Gulf Coast.
Some fiscal conservatives are expressing alarm at the prospect of such massive federal outlays without cutting other spending.
"It is inexcusable for the White House and Congress to not even make the effort to find at least some offsets to this new spending," said Sen. Tom Coburn, R-Okla.
Allen said the administration had not identified any budget cuts to offset the disaster expense. Congress already has approved $62 billion for the disaster, but that is expected to run out next month.
http://www.breitbart.com/news/2005/09/16/D8CLHTRG0.html
guns *and* butter!
Bush Rules Out Tax Hike to Fund Recovery
Sep 16 3:37 PM US/Eastern
By NEDRA PICKLER
Associated Press Writer
WASHINGTON
President Bush on Friday ruled out raising taxes to pay for Gulf Coast reconstruction, saying other government spending must be cut. "You bet it will cost money, but I'm confident we can handle it," he said.
"It's going to cost whatever it's going to cost, and we're going to be wise about the money we spend," Bush said a day after laying out an expensive plan for rebuilding New Orleans and the Gulf Coast without spelling out how he would pay for it.
[...]
Also Friday, White House officials said taxpayers at home will pay the bill for the massive reconstruction program and that this will mean a deeper budget deficit.
Bush said it's important that government quickly fix the region's infrastructure to give people hope. Asked who would pay for the work and how it would impact the nation's rising debt, Bush said he was confident the United States could pay for reconstruction "and our other priorities."
He said that means "cutting unnecessary spending" and maintaining economic growth, "which means we should not raise taxes."
[...]
On Friday, Al Hubbard, chairman of Bush's National Economic Council, said the disaster costs _ estimated at $200 billion and beyond _ are "coming from the American taxpayer." He acknowledged the costs would swell the deficit _ projected at $333 billion for the current year before Hurricane Katrina slammed into the Gulf Coast.
Some fiscal conservatives are expressing alarm at the prospect of such massive federal outlays without cutting other spending.
"It is inexcusable for the White House and Congress to not even make the effort to find at least some offsets to this new spending," said Sen. Tom Coburn, R-Okla.
Allen said the administration had not identified any budget cuts to offset the disaster expense. Congress already has approved $62 billion for the disaster, but that is expected to run out next month.
http://www.breitbart.com/news/2005/09/16/D8CLHTRG0.html