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Reply #4: More info: What is now lost. [View All]

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Home » Discuss » DU Groups » Democrats » John Kerry Group Donate to DU
TayTay Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-21-05 10:52 AM
Response to Reply #3
4. More info: What is now lost.
Edited on Wed Dec-21-05 10:55 AM by TayTay
Article talks about The Dark Lord coming back in order to screw the poor:

He wasn’t the only one who made an unexpected trip back to Washington. Sen.
Chris Dodd, D-Conn., flew back on Tuesday night. He has been recuperating at
home from knee replacement surgery, and he made his way into the Senate with the
aid of a walker.

By themselves, the deficit cuts included in the five-year bill would amount to
only 2.5 percent of projected shortfalls totaling $1.6 trillion over the same
time frame. Republicans said the significance lies in more than mere numbers,
adding that programs such as Medicare and Medicaid threaten to consume an
unsustainable amount of federal revenue if their growth is not trimmed quickly.
Home health care payments under Medicare would be frozen at current levels for a
year under the bill, Medicaid regulations would be changed to make it harder for
the elderly to qualify for federal nursing home benefits by turning assets over to their children.

Lender subsidies are reduced as part of an attempt to squeeze $12.6 billion from
student loan programs. Another provision raises $3.6 billion for the Pension Benefit Guaranty Corp., the federal agency that protects certain pension plans.

The money would come from an increase in the premium employers pay for each
covered worker or retiree, and from a fee on companies that end their pension plans.
Billions more would come from programs unrelated to benefit programs. The legislation assumes $10 billion in federal receipts from the sale of part of the analog spectrum, for example.


But you know, we still have $70 Billion in tax cuts for the rich. Thank goodness that the REthugs are true to their values. Bastids.
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