POLITICS
Republican plan boosts Pentagon, cuts social programs
May 07, 2012
May 07, 2012
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CONTINUED...
Tuesday on a plan backed by President Barack Obama to prevent a doubling of college loan interest rates.
Fully one-fourth of the House GOP spending cuts come from programs directly benefiting the poor, such as Medicaid, food stamps, the Social Services Block Grant, and a child tax credit claimed by working immigrants. Federal workers would have to contribute an additional 5 percent of their salaries toward their pensions, while people whose incomes rise after receiving coverage subsidies under the new health care law would lose some or all of their benefits.
The budget-cutting drive is designed to head off a
Tuesday on a plan backed by President Barack Obama to prevent a doubling of college loan interest rates.
Fully one-fourth of the House GOP spending cuts come from programs directly benefiting the poor, such as Medicaid, food stamps, the Social Services Block Grant, and a child tax credit claimed by working immigrants. Federal workers would have to contribute an additional 5 percent of their salaries toward their pensions, while people whose incomes rise after receiving coverage subsidies under the new health care law would lose some or all of their benefits.
The budget-cutting drive is designed to head off a
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