Olympia Snowe!! She's GOTTA GO!! Does she think we forgot how she voted on the trillion $ health bill?

[PHILIP SCHNEIDER]

And NOW she wants to cut spending to balance the federal budget!! WHAT A HACK!! YACK!!

Sen. Snowe: ‘Absolutely’ Cut Spending $6 Trillion to Balance Federal Budget
Friday, January 29, 2010
By Edwin Mora

Sen. Olympia Snowe (R-Maine)
(CNSNews.com) - Sen. Olympia Snowe (R-Maine) said she “absolutely” supports cutting federal spending to counter-balance the $6 trillion in new debt projected by the Congressional Budget Office (CBO).

In a recent report, the CBO indicated that if current federal tax and spending laws are maintained, the U.S. Treasury will need to borrow an additional $6 trillion between 2011 and 2020 to cover expected federal spending.

When asked by CNSNews.com whether she supported cutting spending $6 trillion to counter the projected deficit totals, Snowe said, “You have to have a plan to reduce the federal debt and be on the trend to reduce it and hopefully eliminate it.”

When asked again whether she specifically supported cutting $6 trillion, Snowe said, "Absolutely, yes."

Snowe spoke with CNSNews.com at the U.S. Capitol on Tuesday, the day the CBO released its budget and economic outlook.

The estimate that the government will borrow an additional $6 trillion from 2011-2020 is based on the assumption that the tax cuts enacted under President Bush in 2001 and 2003 will be allowed to expire, thus raising income tax rates and that Congress will not enact temporary fixes—as it has in the past—to stop the Alternative Minimum Tax from hitting the incomes of middle-class Americans.

Further, the large increase in debt will result in significantly high interest payments on what is owed, the CBO projections show.