Regis Philbin
Jul 13th, 2006, 07:13 PM
Hold on to your wallets, the Dems are gonna take your money away from you for the "greater good"...
http://online.wsj.com/public/article/SB115275238530405237-o0DN22_G_xF5ysLlMOTmDWonlDU_20060811.html?mod=tff_main_tff_t op
Pelosi Promises Fiscal Restraint If Democrats Win
WASHINGTON -- House Minority Leader Nancy Pelosi pledged that if Democrats succeed next year in rolling back President Bush's tax cuts for the wealthiest Americans, the money would be used to reduce the federal deficit -- not for new spending.
Breaking with many Democrats, Ms. Pelosi also spoke out against earmarking billions of dollars for home-state projects, a practice she calls a "monster" that hurts Congress.
If she becomes speaker in the next Congress, she says, she would press to severely reduce earmarks. "Personally, myself, I'd get rid of all of them," she says. "None of them is worth the skepticism, the cynicism the public has... and the fiscal irresponsibility of it."
Question of the Day: Who is the most effective voice for Democrats in Congress?The California Democrat anticipates some resistance from within her party, but returned to the theme of fiscal prudence in an interview with The Wall Street Journal. When asked to outline the Democrats' agenda, she listed initiatives that she said wouldn't strain the government's coffers: cutting interest rates on student loans, raising the minimum wage and demanding higher royalties from oil companies.
"Not every single dollar" would go to the Treasury, she said, "but I hope that...we would use the rollback of the tax cuts" to address the deficit since "it is the biggest drain...on the next generation."
By contrast, Democrats on the House Appropriations Committee this year have proposed financing more domestic spending by scaling back tax cuts for high-income households. In a series of amendments -- all defeated by Republicans -- Wisconsin Rep. David Obey and other senior Democrats have proposed a partial rollback of the top-end tax cuts and then a 50-50 split of the resulting revenue, yielding about $13 billion for deficit reduction and $13 billion for domestic spending.
http://online.wsj.com/public/article/SB115275238530405237-o0DN22_G_xF5ysLlMOTmDWonlDU_20060811.html?mod=tff_main_tff_t op
Pelosi Promises Fiscal Restraint If Democrats Win
WASHINGTON -- House Minority Leader Nancy Pelosi pledged that if Democrats succeed next year in rolling back President Bush's tax cuts for the wealthiest Americans, the money would be used to reduce the federal deficit -- not for new spending.
Breaking with many Democrats, Ms. Pelosi also spoke out against earmarking billions of dollars for home-state projects, a practice she calls a "monster" that hurts Congress.
If she becomes speaker in the next Congress, she says, she would press to severely reduce earmarks. "Personally, myself, I'd get rid of all of them," she says. "None of them is worth the skepticism, the cynicism the public has... and the fiscal irresponsibility of it."
Question of the Day: Who is the most effective voice for Democrats in Congress?The California Democrat anticipates some resistance from within her party, but returned to the theme of fiscal prudence in an interview with The Wall Street Journal. When asked to outline the Democrats' agenda, she listed initiatives that she said wouldn't strain the government's coffers: cutting interest rates on student loans, raising the minimum wage and demanding higher royalties from oil companies.
"Not every single dollar" would go to the Treasury, she said, "but I hope that...we would use the rollback of the tax cuts" to address the deficit since "it is the biggest drain...on the next generation."
By contrast, Democrats on the House Appropriations Committee this year have proposed financing more domestic spending by scaling back tax cuts for high-income households. In a series of amendments -- all defeated by Republicans -- Wisconsin Rep. David Obey and other senior Democrats have proposed a partial rollback of the top-end tax cuts and then a 50-50 split of the resulting revenue, yielding about $13 billion for deficit reduction and $13 billion for domestic spending.