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Newsmax… GOP Attempts Historic
$2.5 Trillion Cut in Federal Spending
Thursday, 20 Jan 2011
By David A. Patten
Newsmax photo: U.S. Rep. Jim Jordan (R-Ohio)
Among the committee’s suggested cuts are the elimination of automatic
pay increases for federal workers, cutting its workforce through
attrition, eliminating unspent stimulus money, eliminating funding for
the Corporation for Public Broadcasting and the National Endowment of
the Arts, eliminating federal subsidies to Amtrak, eliminating
duplicate programs, collecting unpaid federal employee taxes and
eliminating the administrative expense of setting up Obamacare. See the
complete story below.
Buoyed by their successful vote to repeal healthcare reform,
conservative House Republicans on Thursday rolled out plans for a
massive, $2.5 trillion cut in federal spending over the next 10 years.
The proposal, to be contained in the Spending Reduction Act of 2011,
would reset non-security discretionary spending to 2008 levels,
affecting everything from state stimulus money to federal involvement
in mortgage giants Fannie Mae and Freddie Mac, to foreign aid,
education, transportation, scientific research and over 100 other
federal programs.
“Whether Americans realize it or not, we are all running together in a
race against time. Unless Washington takes swift action to cut
spending, we will chain our children to debt and rob them of the
opportunity to reach for the American Dream,” declared Sen. Jim DeMint,
R-S.C., Rep. Jim Jordan, R-Ohio, and Rep. Scott Garrett, R-N.J. in an
op-ed published in the Washington Examiner Wednesday.
DeMint has announced he will introduce a companion bill in the Senate
mirroring the House proposals.
Jordan, the chairman of the conservative Republican Study Committee,
unveiled the budget-austerity package on Thursday at the conservative,
D.C.-based Heritage Foundation think tank.
House Minority Leader Eric Cantor pledged the RSC proposals will be
allowed to come up for an up-or-down vote on the floor of the House.
“I applaud the Republican Study Committee for proposing cuts in federal
spending, and I look forward to the discussion on reducing spending
that our country so desperately needs to have,” said Cantor. “As
promised, we will have an open process when it comes to spending bills.
I look forward to these cuts and others being brought to the floor for
an up-or-down vote during consideration of the continuing resolution
[for funding the federal government], and I support that effort.”
Among the committee’s proposals are the elimination of automatic pay
increases for federal workers, cutting the workforce through attrition,
eliminating unspent stimulus money, eliminating funding for the
Corporation for Public Broadcasing and the National Endowment of the
Arts, eliminating federal subsidies to Amtrak, eliminating duplicate
programs, collecting unpaid federal employee taxes and eliminating the
administrative expense of setting up Obamacare.
Read the complete story
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