Thursday, February 03, 2011

This will be interesting to watch...

House Republicans Plan To Cut $32 Billion From Budget
WASHINGTON -- House Republicans announced Thursday that they plan to cut $74 billion from President Barack Obama's budget for fiscal 2011, slashing the domestic discretionary budget by $58 billion and cutting $16 billion from security spending for the rest of the year.

House Budget Chairman Paul Ryan (R-Wis.), who announced the figures, did not specify which of the hundreds of government programs would see cuts, but promised they would not be the last in GOP leadership's effort to shrink government spending to 2008 levels.

The Republican proposal would only cut $32 billion from current spending levels for this fiscal year, however -- far lower than the $100 billion promised in the party's "Pledge to America."


Despite proclaiming a hard-line stance on the budget, Republicans have proposed a number of measures that would increase the deficit, adopting budgeting rules allowing them to pass tax cuts that would increase the deficit.

The House GOP voted in January to repeal 2010's sweeping health care law, even though repeal would add $230 billion to the deficit over the next decade, according to estimates from the Congressional Budget Office. The Senate voted down an amendment to repeal the law on Wednesday.

Ryan will allow the Appropriations Committee to determine where to make cuts based on his budget plan before holding a vote on specific cuts later this month. The measure will be attached to a continuing resolution to fund the government until the end of September, the end of the 2011 fiscal year.

And yes, I am being sarcastic.

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