Posted on 01/20/2011 1:48:58 AM PST by markomalley
A number of the House GOP’s leading conservative members on Thursday will announce legislation that would cut $2.5 trillion over 10 years, which will be by far the most ambitious and far-reaching proposal by the new majority to cut federal government spending.
Rep. Jim Jordan of Ohio, the chairman of the Republican Study Committee, will unveil the bill in a speech at the Heritage Foundation on Thursday morning.
Jordan’s bill, which will have a companion bill introduced in the Senate by Sen. Jim DeMint, South Carolina Republican, would impose deep and broad cuts across the federal government. It includes both budget-wide cuts on non-defense discretionary spending back to 2006 levels and proposes the elimination or drastic reduction of more than 50 government programs.
Jordan’s “Spending Reduction Act” would eliminate such things as the U.S. Agency for International Development and its $1.39 billion annual budget, the $445 million annual subsidy for the Corporation for Public Broadcasting, the $1.5 billion annual subsidy for Amtrak, $2.5 billion in high speed rail grants, the $150 million subsidy for the Washington Metropolitan Area Transit Authority, and it would cut in half to $7.5 billion the federal travel budget.
(Excerpt) Read more at dailycaller.com ...
Over 10 Years? I’m not impressed. When I saw the headline, I thought it was 2.5T per year. Now THAT would be deep spending cuts. Cut it 1.5T per year NOW. Eliminate the deficit now, by any means necessary. NO MORE DEBT
Do it.
What you said!
250b per year, when the deficit is like $1.3+trillion? $10 trillion over 10 years to go
$1000 bills stacked 67 miles high is equal to $1 trillion dollars.
How bout all of those PLUS...Abolish the EPA, HUD, DEPT OF ED, AG, HSS, Homeland Security-and that is just a start.
A nice start, maybe.
However, considering the size of the US debt and this year's deficit, and, over 130 thousand goobermint agencies, departments and spending programs, one would think much more could be done than a paltry $250 billion/year.
The Congress needs to get serious about elimination, not just cuts to established BS programs and a firm time line in writing about the elimination of BS spending as not to overly drag the economy in a one big swoop.
The elimination of 50 of 130,000 programs? Give me a f'n break.
In 2009, Zeewoe & Co. expanded the US goobermint by 75,000 jobs - the only sector of the entire US economy that added jobs....the Whores on The Hill are not serious...smoke & mirrors, my friend.
They can get back another $8 billion by the elimination of ACORN for starts along with elimination of the CRA and its wasteful spending and its BS legislation.
Do anything to eliminate the debt but don’t raise the debt ceiling.
>> Do anything to eliminate the debt but don’t raise the debt ceiling.
I believe there’s true reasoning for raising the debt ceiling, but it should not occur without commensurate adjustments in expenditures. Of course, the results need to be far better than a fair exchange of liabilities - the debt, ceiling, and expenditures all need to decrease substantially.
defund and reload!
Start with National Public Radio!
Lower the debt ceiling. Triple the cuts. Eliminate more pesky agencies.
Is that like 5% or what?
Its what’s politically doable... and the elimination of dozens of federal programs we don’t need and can’t afford in a time of austerity would reverse a pattern that’s been in place as long as I’ve been alive. The Democrats and MSM will denounce ANY reduction in government spending as heartless and cruel. The debate basically comes down to a philosophical one: what kind of government is best for America. The MSM’s tone code enforcers won’t be able to impose their fake civility on this one, sorry. I applaud it. The only real question is when it will happen. Our country’s present fiscal trajectory is simply not sustainable.
Time to start hunting for their tea party replacements.
It’s a start.
Another shell game IMO. Weak not Deep.
Cut $250 billion from this years budget and you still have a deficit of over a trillion dollars. I applaud the idea of actually cutting discretionary spending but it’s the non-discretionary spending that is killing us. And this does nothing to tackle that.
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