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“Revolt” over: House GOP leadership agrees to caucus’s demands to cut spending by $100 billion
Hot Air ^ | February 9, 2011 7:48 pm | Allahpundit

Posted on 02/09/2011 8:41:55 PM PST by Ernest_at_the_Beach

The “revolt” ends in triumph according to Roll Call, as quoted by K-Lo at the Corner:

House Republican leaders have agreed to a key conservative demand that they make good on their campaign pledge to reduce fiscal 2011 spending to $100 billion less than President Barack Obama’s budget request, GOP aides said Wednesday.

According to a GOP leadership aide, Majority Leader Eric Cantor (R-Va.) and other leaders are working with Republican appropriators, the Republican Study Committee and other conservatives on a “unified” strategy to reduce spending beyond the $74 billion in cuts they had already planned. The cuts, which would only apply to non-defense discretionary spending, would come as part of a continuing resolution to fund the government between March and the end of the fiscal year…

It remains unclear how Republicans will make the additional $26 billion in cuts.

Consider this a correction of my earlier post, where I said the GOP had initially proposed only $58 billion in cuts. If you’re wondering what the extra $26 billion means in practical terms, let’s bust out the calculator and do some math. Assuming CBO’s projected deficit this year of $1.5 trillion, i.e. $1,500 billion, we’re slipping $4.1 billion deeper into the budgetary hole every single day. Note well: That’s not federal spending per day, that’s what’s being added to the deficit per day. Cutting an extra $26 billion will thus erase a little less than … one week of new liabilities. That’s what the big “revolt” is over.

Via RCP, say it with me: The deficit is too damn high.


(Excerpt) Read more at hotair.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: budgetcuts
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To: Captain Kirk

I heard you the first time...LOL.


41 posted on 02/10/2011 6:39:07 PM PST by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: Reddy

“Means testing of SS is not a conservative position.”

Neither is opposing selling off our highways to foreign interests. I guess any of us can define conservative positions any way we want.

I’m sorry that you worked under an income tax surcharge that was given the misleading name “Social Security”, but it was quite OBVIOUS to people who saw that Al Gore’s “Lockbox” was empty...and there was NO INTENTION of filling it. At that point, a person who reasonably planned their retirement would have accepted the fact that the money was gone and future generations would revolt at being told that THEY STOLE IT...essentially.

You may call yourself a conservative for sicking the government on my kids (and future grand kids) to pay for your retirement. I SURE AS HELL DO NOT.


42 posted on 02/10/2011 6:46:03 PM PST by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: Ernest_at_the_Beach
Boehner was being blackmailed. He was compromised, and that is why he cried; because he knew it was only a matter of time before he would be exposed.

Same thing with all the other congressional and senate RINOs. The Democrats have them all blackmailed. If they cave in to the conservatives, their sordid affairs will be exposed.

Better for them to retire while they can, because the country cannot survive with them capitulating to the commies.

43 posted on 02/10/2011 6:51:09 PM PST by meadsjn (Sarah 2012, or sooner)
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To: BobL

What do the Jeffersonian values of free trade, no entangling alliances, and free international cultural exchange (the policy I support) have to do with militarized, protectionists, centralized planned, nationalized states like North Korea and Albania?


44 posted on 02/11/2011 7:37:10 AM PST by Captain Kirk (Q)
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To: BobL

You don’t get it. US citizens ALREADY PAID for (SS) retirement. That money was STOLEN.

Usually in cases of criminal activity the perpetrators are found and put on trial, then sentenced.

Every former member of congress and former president needs to pay restitution to the SS fund... money they misappropriated.

Let’s first go after the estate of Ted Kennedy.


45 posted on 02/15/2011 10:05:26 AM PST by Reddy (B.O. stinks)
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To: Reddy

“Every former member of congress and former president needs to pay restitution to the SS fund... money they misappropriated.”

That’ll get you about $1B, what about the other $9.999T. You’ll feel good, but it won’t balance or pay off ANYTHING.

Restitution is only effective to the extent that the thieves have the money. THEY DON’T - and I guess the math is too tough for you to understand that.

It’s time you accept the fact that THE MONEY IS GONE and cannot be recovered.

The fact that you guys are going after the future earnings of MY KIDS and future grandkids, for the stupid policies of your generation (i.e., elect people that won’t pay for all their wonderful programs) MAKES ME SICK.


46 posted on 02/15/2011 3:45:20 PM PST by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: BobL

I don’t want to see them cutting anything....they NEED to start amputating...as the gangrene i sspreading rapidly.


47 posted on 02/15/2011 3:46:45 PM PST by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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To: mo

“I don’t want to see them cutting anything....they NEED to start amputating...as the gangrene i sspreading rapidly.”

Could not agree more on the gangrene - it is really getting bad now. Clothing about to soar in price, food already soaring, oil at high levels, Chinese imports (i.e., practically everything we buy now) going up 20 to 30% in price. And heck, the dollar still hasn’t crashed.

I still get blasted for wanting to turn Social Security into a means-tested welfare program - but that’s ok, I’m doing it for my kids - who are about to be driven into a Third World country unless something is done.


48 posted on 02/15/2011 3:59:45 PM PST by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: BobL

Dude, you have a problem.

It’s time you accept the fact that the money was TAKEN for the purpose of paying for retirement. It’s gone, but that DOES NOT RELINQUISH THE GOVERNMENT FROM THE OBLIGATION.

The fact that “you guys” could care less doesn’t make it ok to say screw you to everyone that paid into the retirement system.

“The fact that you guys are going after the future earnings of MY KIDS and future grandkids, for the stupid policies of your generation (i.e., elect people that won’t pay for all their wonderful programs) MAKES ME SICK.”

Guess I can blame you for the stupid policies of the current administration since they are occurring during the time period of “your generation”. You don’t even know how ridiculous you sound.


49 posted on 02/15/2011 4:03:19 PM PST by Reddy (B.O. stinks)
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To: Reddy

If you can sleep at night STEALING for today’s and tomorrow’s kids, I’m pretty much done debating you.


50 posted on 02/15/2011 4:08:43 PM PST by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: Reddy

If you can sleep at night STEALING from today’s and tomorrow’s kids, I’m pretty much done debating you.


51 posted on 02/15/2011 4:09:07 PM PST by BobL (PLEASE READ: http://www.freerepublic.com/focus/f-news/2657811/posts)
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To: Reddy

“...but that DOES NOT RELINQUISH THE GOVERNMENT FROM THE OBLIGATION.”

Sure it does. After that grand display of institutional inter-generational theft...the Feds wouldn’t qualify to administer the high school cheerleaders fund.

The FEDS have ceased to be an asset to the States. They are defined in terms of their liability to the States and We the People.


52 posted on 02/15/2011 4:32:27 PM PST by mo ("If you understand, no explanation is needed; if you do not, no explanation is possible")
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