Posts Tagged ‘spending cuts’
Rand Paul presents plan to instantly cut yearly federal budget by $500 BILLION
Few Americans would notice if these government agencies and programs simply ceased to exist.
ASSOCIATED PRESS: U.S. Sen. Rand Paul wants to slash numerous federal programs, including food stamps for the poor, to save $500 billion in a single year.
A legislative proposal Paul introduced on Tuesday would slash $42 billion from the U.S. Department of Agriculture’s food stamp program — a 30 percent spending reduction. His proposal would eliminate numerous other programs, including the Corporation for Public Broadcasting, the Consumer Product Safety Commission and the National Endowment for the Arts.
Paul said the proposal would roll back federal spending to 2008 levels and eliminate what he considers the most wasteful programs.
The Kentucky Republican said he hopes his proposal will spark a dialogue within the Senate about how to repair the nation’s economy.
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House GOP set to unveil $2.5 TRILLION in “deep” spending cuts
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.
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