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Thursday, October 27, 2005

Porkbusters-inspired Spending Reforms Gaining Significant Momentum in House and Senate

Tim Chapman's Capitol Report has the details. Lots to be encouraged by here, folks, with much of it coming from the Senate and linked to the work of Sen. Tom Coburn and his six Senate colleagues noted here yesterday on Tapscott's Copy Desk.

Chapman zeroes in on the Senate side version of "Operation Offset," the House effort that gives concrete form to the Porkbusters basic concept:

"Among other things, the Senate package calls for across the board spending cuts of 5 percent (excluding defense and homeland security spending), but more boldly, goes after two sacred cows: the new Medicare prescription drug package and members’ pork projects in the recently passed Transportation Bill.
"The proposal to delay the implementation of the Medicare prescription drug bill would save up to $9 billion, while stripping the Highway Bill of all its pork projects would save an additional $9 billion."

Chapman, by the way, is a former colleague here at The Heritage Foundation.