House GOP Targets $2.5 Trillion in Spending Cuts

Discussion in 'Politics & Religion' started by pspr, Jan 20, 2011.

  1. pspr


    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.
  2. Right. Let's see how the GOP is going to manage this item, which is the basically where all the cuts are coming from:

    " Discretionary Spending Limit, FY 2012-2021: Eliminate automatic increases for inflation from CBO baseline projections for future discretionary appropriations. Further, impose discretionary spending limits through 2021 at 2006 levels on the non-defense portion of the discretionary budget. $2.29 trillion savings over ten years. "
  3. $2,500B / 10yr = $250B / yr

    budget deficit THIS YEAR - $1,500 B

    Hmmm, it is a start, but they have $1,250 B to go :D

    When they get to a balanced budget or surplus I'll be happy....and NO NOT THE FAKE Clinton "surplus." That "surplus" still used money from the Social Security fund. I want to see a surplus for the budget on its own.