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Wednesday, December 21, 2005

Merry Christmas from Vice President Cheney
Posted by Jill | 3:03 PM

And f*** you very much:

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.

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.

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.

All 44 Democrats voted against the measure, as did Sen. James Jeffords of Vermont, an independent. Five of 55 Republicans crossed party lines to oppose the bill as well. They were Sens. Olympia Snowe and Susan Collins of Maine, Gordon Smith of Oregon, Mike DeWine of Ohio and Lincoln Chafee of Rhode Island. Of them, Chafee, DeWine and Snowe are seeking re-election next year.


Of course, this leaves Cheney's tax cut safe, and that's what it's all about for this bunch.

I think we need to thank the two Senators from Maine, Gordon Smith, Mike DeWine (as much as we want Paul Hackett to clean his clock next November), and Lincoln Chafee for having the courage to put the American people ahead of party loyalty for once.
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