The current debate within the Republican party is how to pay for Hurricane Katrina. Three options are spending cuts, tax increases and borrowing.
Spending cuts, especially of pork barrel projects like the bridge to nowhere in Alaska, are an appealing option. However, House Majority leader Tom DeLay (TX-22) claims that federal spending has been cut to the bone. On the other hand Sen. Lindsey Graham (R-SC) says there should be cuts in outlays across the board. The House Republican Study Committee has also released a list of spending cuts with the the beginning of “Operation Offset.”
