This week in Congress, the Republican leadership voted to pass a budget
bill that will direct our nation’s spending plan for fiscal year 2005.
I was highly-disappointed that the majority passed a budget that is fiscally
irresponsible, increases our national debt by more than half a trillion
dollars, and fails to address the real priorities and values of America’s
working families.
The budget passed this week leaves room to make the Administration’s
$1.1 trillion dollar tax cut, which mostly benefits the wealthiest two
percent of Americans, permanent. It also pushes our country’s financial
state further in the red by creating an estimated $521 billion deficit
for 2005, forcing our children and our grandchildren to bear the burden
of this administration’s spending habits.
This budget also severely under-funds our education system by reducing
funds for important education programs such as Head Start and IDEA. It
even cuts funding for the No Child Left Behind Education program by $9.4
billion. And at a time when college tuition costs are soaring, this
budget provides no increase for the Pell Grant. This budget also jeopardizes
the future of Medicaid, Medicare, and Social Security, and actually cuts
funding for Homeland Security, redirecting much of this funding to tax
cuts.
Perhaps one of the most disgraceful aspects of this budget is that this
budget provides $2.6 billion less than the estimated amount of health care
funds currently needed for our nation’s veterans. At a time when our men
and women in uniform are making ultimate sacrifices to serve our country,
it is shameful to pass a budget that shifts more of the burden of health
care costs to our veterans. This budget also creates a new, $250 annual
fee certain veterans must pay to access health care, and doubles the monthly
co-payments some veterans must pay for prescription drugs!
The majority’s budget also decreases funding for the COPS program to
$97 million from $756 million! It also reduces the Assistance to Firefighters
grant program by $250 million, from $750 million to $500 million. And this
budget passed this week reduces Agriculture spending by $1.6 billion. These
discretionary cuts jeopardize vital programs to agriculture, such as the
Farm Service Agency, Agriculture Research Service, and Animal and Plant
Health Inspection Service.
This budget also zeroes out funding for the Ouachita Black River Navigation
System, which if not funded, would literally shut down numerous businesses
in South Arkansas. I worked with my Democratic colleagues to successfully
insert language in two key Democratic budget alternatives to President
Bush's proposed budget that if passed, would have supported full-funding
for the Ouachita Black River Navigation System.
As a member of the fiscally-conservative Blue Dog Coalition, I supported
the Blue Dog Budget Alternative, that would have enacted responsible spending
constraints while at the same time employ strong budget enforcement measures
and responsible tax policies that would have cut our deficit in half in
two years and balanced our budget by 2012. Instead, the budget passed offers
no plan to bring our budget back to balance, and this budget even refuses
to show how large deficits will be after 2009.
The budget passed this week continues to implement the same economic
policies that have caused our country to lose 3 million jobs since 2001,
and will create the largest budget deficit in our nation’s history for
second year in a row. |