Thursday, January 20, 2011

GOP proposes $2.5 Trillion in spending cuts

Moving aggressively to make good on election promises to slash the federal budget, the House GOP today unveiled an eye-popping plan to eliminate $2.5 trillion in spending over the next 10 years. Gone would be Amtrak subsidies, fat checks to the Legal Services Corporation and National Endowment for the Arts, and some $900 million to run President Obama's healthcare reform program. [See a gallery of political caricatures.]
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What's more, the "Spending Reduction Act of 2011" proposed by members of the conservative Republican Study Committee, chaired by Ohio Rep. Jim Jordan, would reduce current spending for non-defense, non-homeland security and non-veterans programs to 2008 levels, eliminate federal control of Fannie Mae and Freddie Mac, cut the federal workforce by 15 percent through attrition, and cut some $80 billion by blocking implementation of Obamacare. [See a slide show of the top Congressional travel destinations.]

Some of the proposed reductions will surely draw Democratic attack, such as cutting the Ready to Learn TV Program, repeal of the Davis-Bacon Act, the elimination of the Energy Star Program, and cutting subsidies to the Woodrow Wilson Center.
Read the rest here.


Anonymous said...

Why not just eliminate the ferederal government in toto?

Of course, Congress will no longer exist and they'll have to find other employment.

I do think this is the real goal.


( The military will, of course, become a corporation).

gdelassu said...

I am a fairly standard issue lefty, but if the Republicans are serious about cutting Amtrak funds and the NEA, I will be cheering them on. If only they could bring themselves to end Ag subsidies as well (which, incidentally, would save much more than cutting Amtrak or the NEA).

Of course, if they are really serious about bringing the budget into solvency, they need to take on two sacred cows: 1) the Pentagon; and 2) Medicare. Somehow I am not holding my breath waiting to see the Republicans get as serious as all that, but I would be delighted to be proven wrong.