Word: trillion
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...hesitant step down the second path last week by announcing its first contribution to the fund: $200 million. As Oxfam has said, the administration left off a zero. If the richest country in world history won't spare a few billion as it cuts taxes by more than a trillion dollars, it will do little to galvanize financial support from other countries and foundations. If students and other concerned citizens do not wish to be complicit in a monstrous crime of omission, they must step forward and ask Bush and Congress to take the first path and allocate $2.5 billion...
...inquiry reflects a widening drive by Washington to restrain the relentless rise of prescription prices, which remain the fastest-growing component of America's $1.3 trillion health-care bill. The action is on two fronts. The FTC, for its part, is going after brand-name drug companies that seek to block cheaper, copycat generic drugs from the marketplace. At the same time, a bipartisan duo of congressional lawmakers is pushing legislation designed to restrict those anticompetitive tactics and speed up government approval of generic medicines...
...Jeffords may portray himself as the most conservative member of the Vermont congressional delegation, but he's one of the most moderate and independent- minded Republicans in the Senate. And he's giving Bush fits. The White House was furious with Jeffords' refusal to support Bush's $1.6 trillion tax cut, which forced Lott to compromise on a lower number. There were dark rumors coming from Republicans that Jeffords would be punished for not supporting the President. Go ahead and you'll drive him out of the party, Jeffords aides threatened back. Vermonters love independents and Democrats...
...other debate reached fever pitch last Thursday as the Senate voted to approve a federal budget that includes a $1.35 trillion tax cut. As passage of the budget became inevitable, Democratic leaders resumed chanting old mantras, insisting the tax cut favors the rich at the expense of the poor. Thanks a lot, they cried, you black-hearted Republicans...
...Republicans want the $1.35 trillion divided up and set in stone by Memorial Day. The rest - attempts at more tax cuts from Republicans and more spending on education, defense, farmers and other programs from both sides of the aisle. And that'll go on all summer...