How to pay for all those tax cuts
Here's how:
The House narrowly approved on Wednesday a hard-fought, budget-cutting package that would save nearly $40 billion over five years by imposing substantial changes on programs from Medicaid and welfare to child support and student lending.
With its presidential signature all but assured, the bill represents the first effort in nearly a decade to try to slow the growth of entitlement programs, one that will be felt by millions of Americans.
Women on welfare are likely to face longer hours of work, education or community service to qualify for their checks. Recipients of Medicaid can expect to face higher co-payments and deductibles, especially on expensive prescription drugs and emergency room visits for nonemergency care. More affluent seniors will find it far more difficult to qualify for Medicaid-covered nursing care.
College students could face higher interest rates when their banks get squeezed by the federal government.
Hey, someone's gotta pay so Paris Hilton can keep more of her hard earned money, right? And why not the college bound, the elderly, and the infirm?