|Budget Cuts Would Deliver Blow To Oregonians|
|Wednesday, 16 March 2005 19:00|
Mr. Chairman, the Republican budget resolution is a body blow to Oregon and the
country. I have heard from constituents, school teachers, local government
officials, medical professionals, housing advocates and many others throughout
the communities in my district, all with detailed stories about how this budget
will have devastating impacts.
The budget cuts both ways. First, by exploding the federal deficit, adding $376 billion to the national debt and spending every penny of the $185 billion Social Security trust fund surplus coming in during the year. Then, by eliminating and reducing key domestic priorities, such as cutting $4.3 billion of education programs, slashing $1.5 billion for affordable housing and development programs, and underfunding veterans' programs by nearly $800 million.
How do we face both increased deficits and program cuts? By continuing to focus on tax cuts for those who need them the least. This is unnecessary and, frankly, dangerous as we continue to create an abyss between the haves and have-nots in society, and are putting our financial markets on edge by borrowing trillions from foreign investors. This is not a budget representative of the priorities and values of Oregonians.