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January 5, 2011 GOP House to propose massive cuts in domestic spending (Update)
The target: $100 billion. Saved from the budget ax: military, domestic security, and vets.
Everything else is on the table. And since we are talking about discretionary spending, we're looking at some programs getting cut back 20%. The reductions that would be required in the remaining federal programs, including education and transportation, would be so deep - roughly 20 percent on average - that Senate Republicans have not joined the $100 billion pledge that House Republicans, led by the incoming speaker, Representative John A. Boehner, made to voters before November's midterm elections. OK - so they won't get $100 billion cut from the budget. But if they get $75 billion it will be a huge victory. That's the advantage of starting from a large baseline of cuts. And don't forget that the GOP is starting from a hugely bloated budget to begin with. Education spending alone has gone up 60% since Obama took office. This is why I think they are going to get a lot closer to cutting a significant amount than some analysts might think. Update: It appears that $100 billion number was unrealistic given the realities of where we are in the fiscal year (not to mention opposition from senate dems and Obama). The GOP is walking back from that number:
It would be wrong to see this as a betrayal. The reality of the budget mess we're in is that it is going to take many years, with ups and downs, victories and defeats, before we return to fiscal sanity. The key for the GOP will be to keep their eyes on the prize and not be deterred or scared off from attacking the problem. At the moment, this is the best they can hope for. |
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