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  • Friday, December 23, 2005

    Cheney as mean old Mr. Potter

    Just in time for Christmas, too! From Democracy Now!:

    Senate Republicans managed to pass a fiercely contested $40 billion dollar-budget cutting bill with the tie-breaking vote of Vice President Dick Cheney. The New York Times notes cuts to student aid account for nearly one-third of the budget bill’s savings. Students will be forced to pay higher interest rates, banks will receive lower subsidies for student loans, and eligibility for college aid will be narrowed down. David Ward, president of the American Council on Education, said: "This is the biggest cut in the history of the federal student loan program."

    The budget bill also grants states new authority to impose fees and scale back benefits for millions of low-income Medicaid recipients. In addition, the bill imposes stricter work requirements for welfare recipients, and penalizes states for not reducing the number of families on welfare rolls.


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