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House Approves Offsets for Hurricane Relief

Date: Nov. 18, 2005
Location: Washington, DC
Issues: National Security Government Budget and Spending


House Approves Offsets for Hurricane Relief

November 18, 2005 -
Washington, DC - The U.S. House of Representatives, last night, voted 217-215 to approve nearly $50 billion in federal budget savings over the next five years to partially offset Hurricane Katrina relief that has been estimated to cost $160 billion.

"The passage of this bill is a long overdue step toward fiscal restraint for the future generations who will otherwise have to pay this debt off with interest," said Rep. Issa who cast on of the decisive votes in favor of the bill. "This bill reduces spending across a broad spectrum of programs and projects. It is a win for advocates of fiscal restraint."

"I will continue to urge my colleagues to find more areas where meaningful savings for taxpayers can be achieved. Fiscal restraint necessitates a long term commitment to curbing non-essential spending and we must not relent in this effort."

http://issa.house.gov/index.cfm?FuseAction=PressOffice.View&ContentRecord_id=389&Region_id=0&Issue_id=0&CFID=13689939&CFTOKEN=11573109

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