| Deficit Reduction Act of 2005 |
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| Sunday, 11 December 2005 15:00 |
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Mr. BLUMENAUER. Mr. Speaker, the Republican fiscal mismanagement is so bad and
their budget proposal so dreadful that even the Republican caucus is having
difficulty swallowing it. Main Street Republicans don't agree with K Street
Republicans who don't agree with Wall Street Republicans, and they are all
hopelessly out of touch with the streets where most Americans live.\
It is irresponsible to claim that this is the only way to pay for our Hurricane Katrina assistance, while the Republican leadership works on extending $70 billion in tax cuts for those least in need. In reality, we can save the budget without breaking the bank and making harmful cuts to the most vulnerable Americans. The first step is to halt plans to provide an additional $70 million in tax cuts for those least in need while cutting $11.9 billion from Medicare and $14.3 billion from student loan programs. Even with these spending cuts, the proposal will still increase the national debt by more than $100 billion over the next 5 years.
We can do better for America's future than cutting off assistance to
society's most vulnerable. The budget is a reflection of our priorities and
future path. We must provide the investment in education that will prepare our
students for the high-tech and global world we live in. We need to create a
health care system that is fair and affordable, and doesn't burden businesses in
the global marketplace. We must stop shortchanging our infrastructure needs and
put in place a world-class transportation system that moves people and freight
seamlessly. In the long-run we are losing money by waiting in traffic-filled
commutes, delayed movement of freight, and expensive patchwork repairs to
inadequate systems. |