Congress Wants More Giveaways to Big Oil

Bush’s allies in Congress are using high gas prices as another excuse for massive giveaways to the oil industry. The Los Angeles Times reports that conservative “leaders in Congress announced plans to introduce new legislation or amend existing measures to bestow more tax breaks on the industry and provide other incentives left out of the big energy bill Bush signed into law in August.”

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Katrina: Republican Excuse to Continue Regressive Agenda

With great fanfare, and recalling the “Gingrich Revolution” of the 1990s, House conservatives yesterday proposed a broad set of spending cuts they said would help offset the costs of the Katrina reconstruction effort. Their plan reduces the budget by $500 billion over 10 years, and does so in large part by dismantling programs that invest in middle- and working-class Americans.

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$1 Billion Stolen From Iraq’s Defense Ministry

The Iraq Defense Ministry is the victim of one of the largest thefts in history. One billion dollars meant to buy arms from Pakistan and Poland was siphoned off, resulting in overpayment for inferior equipment such as “armoured cars…so poorly made that even a bullet from an elderly AK-47 machine-gun could penetrate their armour.”

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