Cheney and the Republicans steal from the poor (again).
From the AP:
The Republican-controlled Senate passed legislation to cut federal deficits by $39.7 billion on Wednesday by the narrowest of margins, 51-50, with Vice President Dick Cheney casting the deciding vote.These shameless Republicans cut benefit programs while giving the rich a tax cut? Hopefully the voters will express their anger by giving these jerks the boot and giving control of Congress back to the Democrats in 2006.
The measure, the product of a year's labors by the White House and congressional Republicans, imposes the first restraints in nearly a decade of federal benefit programs such as Medicaid, Medicare and student loans.
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.