You can bet that federal subsidies to Cantor's defense contractor buddies in his home district will not be among those programs "offset".
http://thinkprogress.org/politics/2011/08/29/306737/cantor-irene-no-relief-without-spending-cuts/Cantor: No Disaster Relief Funding For Hurricane Irene Without Budget CutsBy Alex Seitz-Wald on Aug 29, 2011 at 11:23 am
Despite the devastation caused by Hurricane Irene this weekend, House Majority Leader Eric Cantor (R-VA) today stood by his call that no more money be allocated for disaster relief unless it is offset by spending cuts elsewhere. The Washington Post reported this morning that
http://www.washingtonpost.com/politics/fema-to-pay-for-irene-damage-delays-funds-for-rebuilding-in-tornado-ravaged-areas/2011/08/28/gIQAJsDQlJ_story.html">FEMA will need more money than it currently has to deal with the storm’s aftermath and is already diverting funds from other recent disasters to deal with the hurricane, but Cantor’s comments suggest Republicans won’t authorize more funds without a fight.
Cantor took the position following the tornadoes that devastated Joplin, Missouri and elsewhere in the spring and summer, and after last week’s earthquake, the epicenter for which was in his district, but the hurricane’s level of destruction is far beyond that of those disasters. Still, Cantor told Fox News that while “we’re going to find the money,” “we’re just going to need to make sure that there are savings elsewhere to do so.”
Cantor referred a bill the Republican-controlled House passed that approves
http://www.huffingtonpost.com/2011/05/24/joplin-missouri-tornado-h_n_866242.html">$1 billion in disaster relief, which was financed by a $1.5 billion cut from loan program to encourage the production of fuel-efficient vehicles. But the need in the wake of the hurricane will likely greatly surpass $1 billion, and that spending package was supposed to be used for tornado recovery efforts, for which
http://www.fema.gov/news/newsrelease.fema?id=56907">several hundred million dollars has already been outlayed.