House GOP conservatives set to unveil $2.5 trillion in deep spending cuts

[Geee]

Daily Caller:

A number of the House GOP’s leading conservative members on Thursday will announce legislation that would cut $2.5 trillion over 10 years, which will be by far the most ambitious and far-reaching proposal by the new majority to cut federal government spending.

Rep. Jim Jordan of Ohio, the chairman of the Republican Study Committee, will unveil the bill in a speech at the Heritage Foundation on Thursday morning.

Jordan’s bill, which will have a companion bill introduced in the Senate by Sen. Jim DeMint, South Carolina Republican, would impose deep and broad cuts across the federal government. It includes both budget-wide cuts on non-defense discretionary spending back to 2006 levels and proposes the elimination or drastic reduction of more than 50 government programs.

Jordan’s “Spending Reduction Act” would eliminate such things as the U.S. Agency for International Development and its $1.39 billion annual budget, the $445 million annual subsidy for the Corporation for Public Broadcasting, the $1.5 billion annual subsidy for Amtrak, $2.5 billion in high speed rail grants, the $150 million subsidy for the Washington Metropolitan Area Transit Authority, and it would cut in half to $7.5 billion the federal travel budget.

But the program eliminations and reductions would account for only $330 billion of the $2.5 trillion in cuts. The bulk of the cuts would come from returning non-defense discretionary spending – which is currently $670 billion out of a $3.8 trillion budget for the 2011 fiscal year – to the 2006 level of $496.7 billion, through 2021.

[pinz]

I look forward to the discussion of these bills. Even if they go nowhere in this Congress, they will be familiar and well tweaked in preparation for a Republican President to sign into law in 2013.

 

I realize that the MSM will have their talking points against them worked out and poll tested by then, too, but today I choose optimism!

 

The discussion will also be valuable as an opportunity to learn about budget/economic/financial issues. Note to self, keep workroom tv set to CSPAN as a default during weekdays. (Oh, how I miss Bahbah... some more.)

[Al_Simmons]

Amazing - they've actually remembered why we sent them to DC? They've got to stick to their guns and not compromise with the socialists on a single thing. Not a single thing.

 

Raise the debt ceiling for 3 months and make a permanent raise contingent on the socialists agreeing to massive cuts.