Guest guest Posted October 27, 2005 Report Share Posted October 27, 2005 President Bush outlines his priorities for federal spending as he addresses the Economic Club of Washington, at the J.W. Marriott Hotel in Washington, Wednesday, Oct. 26, 2005. Bush pointed to education, health care, and social security as targets for reform. (AP Photo/J. Scott Applewhite) By ANDREW TAYLOR Associated Press Writer The Associated Press WASHINGTON Oct 26, 2005 — House Republicans voted to cut student loan subsidies, child support enforcement and aid to firms hurt by unfair trade practices as various committees scrambled to piece together $50 billion in budget cuts. More politically difficult votes to cut Medicaid, food stamps and farm subsidies are on tap Thursday as more panels weigh in on the bill. It was originally intended to cut $35 billion in spending over five years, but after pressure from conservatives, GOP leaders directed committees to cut another $15 billion to help pay the cost of hurricane recovery. President Bush met with House and Senate GOP leaders and said he was pleased with the progress. He also appeared to endorse a plan by House Speaker Dennis Hastert's plan for an across-the-board cut in agency budgets, perhaps including the Pentagon, by the end of the year. " I encourage Congress to push the envelope when it comes to cutting spending, " Bush said. Dozens of issues are at play as Republicans in both the House and Senate cobble together the sprawling budget bill. The measure is the first in eight years to take aim at the automatic growth of federal spending programs such as Medicaid and Medicare. In the Senate, the Budget Committee voted along party lines to bundle together the work of eight legislative committees into a bill that will be debated next week by the full Senate. The Congressional Budget Office said the Senate measure would save $39 billion over five years $4 billion more than the budget passed last spring. Pressed to produce more savings than the Senate, House committees took more political chances in drafting the $50 billion House plan, which has become a rallying point for the GOP's conservative wing and its anxiety about hurricane relief worsening the deficit. The House Education and the Workforce panel, for example, was told to generate $18 billion in savings over five years. On Wednesday it approved squeezing lenders in the student loan program and raising premiums to employers for government insurance of their employees' and retirees' pension benefits. The propagandist's purpose is to make one set of people forget that certain other sets of people are human: Aldous Huxley Quote Link to comment Share on other sites More sharing options...
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