Republicans to Cut Everything but Military
Friday, January 21, 2011 – by Staff Report
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. What’s more, the “Spending Reduction Act of 2011″ proposed by members of the conservative Republican Study Committee, chaired by Ohio Rep. Jim Jordan, would reduce current spending for non-defense, non-homeland security and non-veterans programs to 2008 levels, eliminate federal control of Fannie Mae and Freddie Mac, cut the federal workforce by 15 percent through attrition, and cut some $80 billion by blocking implementation of Obamacare. – US News and World Report
Dominant Social Theme: It is important to defend the realm.
Free-Market Analysis: House Republicans have issued a list of cuts to be made to federal spending. We quote from the article excerpted above: The proposals "would reduce current spending for non-defense, non-homeland security and non-veterans programs to 2008 levels." Homeland Security is apparently exempt from most cuts as is the Pentagon. Read More
