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Thursday, 20 Jan 2011 02:30 PM

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By David A. Patten
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.

jim jordan ohion GOP budget cuts



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.


Among the committee’s proposals:

·                                 Automatic pay increases for civilian federal workers would be eliminated for the next five years.
·                                 The civilian workforce would be cut by 15 percent through attrition.

·                                 All stimulus funding not already spent would be “clawed back” and eliminated. This would further aggravate the near-desperate fiscal conditions of several states that are facing massive deficits.

·                                 Funding for the controversial Corporation for Public Broadcasting would be eliminated, saving $445 million per year.
·                                 Funding for the National Endowment for the Arts and the National Endowment for the Humanities would be eliminated, saving over $320 million annually.
·                                 Some $1.56 billion would be saved by eliminating all federal subsidies to Amtrak.
·                                 Some 68 duplicative education programs would be eliminated, saving $1.3 billion annually.
·                                 $1 billion would be gained through requiring the collection of unpaid taxes by federal employees.
·                                 $900 million would be saved by eliminating funds for the administrative cost of setting up Obamacare.

Read more on Newsmax.com: GOP Attempts Historic $2.5 Trillion Cut in Federal Spending 
Important: Do You Support Pres. Obama’s Re-Election? Vote Here Now!
Read more on Newsmax.com: GOP Attempts Historic $2.5 Trillion Cut in Federal Spending 
Important: Do You Support Pres. Obama’s Re-Election? Vote Here Now!

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