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Ano: 2006
Banca:
FCC
Órgão:
BACEN
Prova:
FCC - 2006 - BACEN - Analista do Banco Central - Área 3 - Conhecimentos Específicos |
Q2254459
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Senate Passes Plan to Cut $35 Billion From Deficit
By Jonathan Weisman
Washington Post Staff Writer
Friday, November 4, 2005; A01
The Senate approved sweeping deficit-reduction
legislation last night that would save about $35 billion over the
next five years by cutting federal spending on prescription drugs,
agriculture supports and student loans, while clamping down on
fraud in the Medicaid program.
The measure would also open Alaska's Arctic National
Wildlife Refuge to oil drilling, a long-sought goal of the oil
industry that took a major step forward after years of political
struggle. A bipartisan effort to strip the drilling provision narrowly
failed.
The Senate bill, which passed 52 to 47, is the first in
nearly a decade to tackle the growth of entitlement spending, the
part of the federal budget that rises automatically based on set
formulas and population changes.
It would shave payments to some farmers by 2.5 percent,
while eliminating a major cotton support program and trimming
agriculture conservation spending. A proposal to limit payments
to rich farmers failed yesterday. The measure passed largely
along party lines, with only two Democrats voting for it and five
Republicans voting against it.
Yesterday's action is part of an effort by congressional
Republicans to demonstrate fiscal discipline after widespread
complaints of profligate spending on Capitol Hill. ....51.... many
Democrats and some moderate Republicans are concerned that
the effort may go too far, prominent Republicans in the Senate
and House said the cuts were necessary to slow the rate of
spending and control a deficit projected to total $314 billion by
the end of the fiscal year.
During a speech yesterday, former House majority leader
Tom Delay (R-Tex) repeatedly apologized for excessive
spending by Congress, including recent highway legislation that
was ....52.... with lawmakers’ pet projects. After noting that House
Republicans have voted to cut taxes every year since winning
the majority in 1994, DeLay acknowledged, “Our record on
spending has not been as consistent, ....53.... .”
(Adapted from washingtonpost.com)
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