Posted on 02/03/2011 10:30:55 AM PST by Hawk720
Updating their budget estimates, House Republicans conceded Thursday that their best hope is to cut current appropriations by $32 billion for the remainder of this fiscal year, once new spending for defense and other security needs are added to the equation.
The impact on domestic spending and foreign aid programs would still be very severe, with the GOP seeking an immediate $58 billion cut from President Barack Obama’s once expansive 2011 budget. But with the Congressional Budget Office predicting a nearly $1.5 trillion deficit for the current year, the scaled-back estimates reflect the limits of a budget strategy so focused narrowly on one segment of appropriations.
As outlined by leadership and House Budget Committee staff, the new cap on appropriations will set a 2011 ceiling of $1.055 trillion—$32 billion less than the latest estimate by CBO of the full-year of the stop gap spending bill due to expire Mar. 4.
Most simply, domestic and foreign aid programs would be cut to $420 billion or about $40 billion below the levels now. But an additional $8 billion would be added for defense and security needs, even after making reductions from Obama’s Pentagon request.
(Excerpt) Read more at politico.com ...
Just great. Not enough half of their meager initial $100 billion promise, a freaking third of that. Pretty sad.
It’s Politico folks...nothing to see here..move along.
We’ll kick them out too. We’ll keep kicking them out until they learn. Screw the GOP. Screw party loyalty.
Don’t start this crap again you nadless GOP morons. Even if it seems it probably won’t work submit it all anyway and force a vote on it.
A 3% cut?
UNACCEPTABLE.
The damn turn coats in the republican party are kissing k street ass. Ask the bastards who they are going to lie to next.
THis is insane.
Why aren’t Americans out on the streets in a day of rage?
At a minimum, the budget needs to be cut by 300B a year, each year, for the next 4 years.
And the scumbags in DC will put out a plan for a single 32B one year reduction and expect the bond market to react favorably, the voters to react positively, and the media to fawn over their great strives to reduce the budget?
The Congress is actively and blatantly attacking the general health and welfare of the American electorate now.
Guess it’s too tough to make the tough decisions.
Cowardly Republicans. If they cant scale back spending, whats the point of voting for them?
Sorry but your 1/3 estimate is completely incorrect and here’s why. Senator McConnel’s tax deal with Obama during the lame duck session allowed a 150-200 spending INCREASE.
I think the whole group, democrats and republicans are ALL socialists. That’s why it’s appears that republicans are always caving to what democrats want. When the truth is both groups want the same thing.
Just $32 Billion ?
Why the sudden timidity?
What turned this men suddenly into mice ?
Well, that didn’t take long. They must have a really well-oiled indoctrination program for incoming Congress-critters.
Funny, when I bring up cutting Social Security on this site, half of the people yell at me: DON’T YOU TOUCH MY MONEY!!!
I try to explain to them that they’ve already spent that money, via the people they elected over the past decades, and the money that they are after has to be from my kids and future grandkids.
So when I see people here screaming at the Republicans for not cutting enough, I know that half of them mean not cutting enough from OTHER handout recipients - at least regarding Social Security. So it does get hard to take people seriously on this site concerning budget cuts.
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