Thursday, September 22, 2005

How to pay for hurricane recovery

Faced with an estimated $200 Billion bill for rebuilding the devastation caused by Hurricane Katrina (not to mention whatever havoc Rita wreaks) this country has to decide where to find the money.

From Salon

The $200 billion could be covered entirely -- and then some -- by simply rolling back the 2001 and 2003 tax cuts for the wealthiest 1 percent of Americans, which would actually result in a savings of $327 Billion.


We could follow the Republican plan.

  • Freeze funding for the Peace Corps
  • Freeze funding for the Global AIDS Initiative
  • Strip money earmarked for U.N. peacekeeping operations and a wide variety of third-world development programs
  • Eliminate the EnergyStar program
  • Eliminate grants to states and local communities for energy conservation
  • Reduce federal subsidies for Amtrak
  • Eliminate funding for new light-rail programs
  • Cancel the president's hydrogen fuel initiative
  • Eliminate state grants for safe and drug-free schools because "studies show that schools are among the safest places in the country and relatively drug free"
  • Eliminate the teen funding portion of Title X, which provides "free and reduced-price contraceptives, including the IUD, the injection drug Depo-Provera, and the morning-after pill" to poor teenagers.
  • Cut funding for the District of Columbia
  • Eliminate funding for the Corporation for Public Broadcasting
  • Eliminate subsidized student loans for graduate students
  • Terminate the Legal Services Corporation
  • Eliminate funding for the National Endowment for the Arts
  • Kill the National Endowment for the Humanities.


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