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News -03-01-05 Americans Unhappy With Jobs (CBS News) "U.S. workers, pushed to produce more and uneasy about new technology and other changes, are markedly less satisfied with their jobs than a decade ago, a new survey says." 3-05 -03-04-05 Greenspan Touts Sales Tax (CBS News) "Federal Reserve Chairman Alan Greenspan on Thursday embraced the notion of overhauling the tax system in the United States and said that some form of a consumption tax — such as a national sales tax — could spur greater economic growth." "Bush's advisers have spoken favorably of the economic benefits that could be achieved by moving from a system that taxes income to one that taxes consumption. However, Democratic critics contend such a consumption tax would hit low-income Americans the hardest." 3-05 -06-07-05 GM to Cut 25,000 Jobs (CBS News) "General Motors Corp. plans to eliminate 25,000 jobs in the United States in the next few years by closing additional assembly and components plants, part of a plan to revive its struggling North American operations." 6-05 -08-15-05 Gas Prices at Record High (ABC News) "Retail gas prices hit another record high over the past three weeks, mirroring a rapid increase in the cost of crude oil, according to a nationwide survey released Sunday." "The average price for all three grades rose nearly 20 cents to $2.53 in the three weeks ending Aug. 12, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations around the country. The figures were not adjusted for inflation." 8-05 01-12-05 U.S. Trade Deficit Jumps (USA Today) "The trade deficit unexpectedly surged 7.7% to a record in November, as oil imports jumped and exports dropped despite a weaker dollar, which makes American goods cheaper overseas." 1-05 Papers -02-06-05 Bush 2006 Budget Includes Deep Cuts (ABC News) "President Bush's budget will propose slashing grants to local law enforcement agencies and cutting spending for environmental protection, American Indian schools and home-heating aid for the poor, The Associated Press learned Saturday." "According to figures obtained by the AP, Bush would slice a $600 million grant program for local police agencies to $60 million next year. Grants to local firefighters, for which Congress provided $715 million this year, would fall to $500 million." "The Coast Guard now part of the Homeland Security Department will get $8.1 billion, $600 million over this year. Included will be a healthy increase for its plans to buy more oceangoing vessels, a boon to the new chairman of the Senate Appropriations Committee, Sen. Thad Cochran, R-Miss., in whose state many of the ships are built." "Community health centers would grow to over $2 billion, an increase of $304 million, or almost 18 percent, over this year. Bush said he wants to every poor county to have one of the centers, which are used heavily by the poor." 1-05  Bush 2006 Budget Cuts Education and Programs for the Poor (CNN News) "About one-third of the programs subject to elimination are in the Education Department, including federal grant programs for local schools in such areas as vocational education, anti-drug efforts and Even Start, a $225 million literacy program." "In all, the president proposed $137 billion less over the next 10 years than previously forecast for mandatory programs with much of that occurring in reductions in Medicaid, the big federal-state program that provides health care for the poor, and in payments the Veterans Administration makes for health care." "Many of the spending cuts in the plan are repeats of efforts the administration has proposed and Congress has rejected previously." "Democrats complained that Bush was resorting to draconian cuts that would hurt the needy in order to protect his first term tax cuts that primarily benefited the wealthy." 1-05

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