House GOP Targets $2.5 Trillion in Spending Cuts

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

  1. pspr

    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.

    http://www.usnews.com/news/washingt.../house-gop-lists-25-trillion-in-spending-cuts
     
  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. "

    http://rsc.jordan.house.gov/UploadedFiles/Spending_Reduction_Act--TWOPAGER.pdf
     
  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.

    -gastropod