Targeting Spending and Drawing a Bead on the National Debt!
The 173 member Republican Study Committee which, is the caucus of House conservatives, rolled out a plan Thursday to cut government spending by 2.5 trillion. This is huge! The plan does not include entitlement reform —only discretionary spending. Here is a NEWSMAX story by David A. Patten:
GOP Attempts Historic $2.5 Trillion Cut in Federal Spending
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.
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.
Jordan, the chairman of the conservative Republican Study Committee, unveiled the budget-austerity package on Thursday at the conservative, D.C.-based Heritage Foundation think tank.
House Minority Leader Eric Cantor pledged the RSC proposals will be allowed to come up for an up-or-down vote on the floor of the House.
Get the rest of the story HERE.
Read more at the Washington Examiner.
Read the entire 2 page Spending Reduction Act of 2011.