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I recently introduced
legislation to cut government spending in order to offset the tens of
billions of dollars being spent on hurricane relief in the Gulf Coast
region. Other members of the Senate Fiscal Watch Team – Senators Sam
Brownback, Tom Coburn, Jim DeMint, Lindsey Graham, John McCain and John
Sununu – have joined me in this effort.
It has taken a lot of
hard work and a lot of tough decisions, but we have crafted legislation that
we believe provides responsible and necessary cuts in government spending to
offset the much-needed relief efforts in the wake of Hurricanes Katrina and
Rita. We want to make sure those people who were affected by these
catastrophic storms get the aid they need but that we make some sacrifices
elsewhere so we don’t pass this enormous bill on to our children.
Some of the provisions
of the bill, which could save the American
taxpayers as much as $125 billion, include:
- A five percent
across-the-board cut in discretionary spending for FY 2006 with the
exception of national security provisions, with one percent exempted to
provide funding for critical areas such as veterans’ health care.
- A freeze in the
cost of living adjustments for federal employees. This will apply to
members of Congress but not to law enforcement personnel.
- A 2-year delay in
the implementation of the Medicare Part D prescription drug benefit.
- A requirement that
higher-income seniors pay higher Medicare Part B premiums.
Those who lost the
most during the hurricane will not be helped by the government recklessly
throwing taxpayer dollars at the region with no plan to offset the cost.
Our compassion and dedication to the people of the affected areas must be
matched by a sense of responsibility to future generations and concern for
the impact on our economy.
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