Overall, it would be next to impossible to offset $200 billion in Katrina costs in one year's budget, says Mr. Collender. Federal spending is $2.6 trillion a year - but take away Social Security and other entitlements, debt interest, defense spending, and supplemental war appropriations, and only about $500 billion remains. Finding $200 billion in savings would require almost a 50 percent cut in this remaining portion - which includes food safety programs, National Park Service salaries, and salaries for White House staff.From Yahoo
The Senate voted Friday to give President Bush $50 billion more for the wars in Iraq and Afghanistan and U.S. military efforts against terrorism, money that would push total spending for the operations beyond $350 billion.In related news, the White House revealed plans to create trees which grow money.
In a 97-0 vote, the GOP-controlled Senate signed off on the money as part of a $445 billion military spending bill for the budget year that began Oct. 1.