Advertise On EU-Digest

Annual Advertising Rates

1/21/11

House Republicans Propose $2.5 Trillion In Spending Cuts Over 10 Years : It's All Politics

House Republicans unveiled on Thursday a list of spending cuts they said would save $2.5 trillion over 10 years.


Most of the savings, $2.29 trillion, would come from holding spending at 2006 levels on the part of the federal budget that isn't entitlement or defense spending, according to the document released by the Republican Policy Study Committee chaired by Rep. Jim Jordan (R-OH).

The so-called discretionary part of the budget represents just 16 percent of federal spending. Many experts have said it's impossible for the nation to cut its way to fiscal health by addressing just that part of the budget.

For more: House GOP Proposes $2.5 Trillion In Spending Cuts Over 10 Years : It's All Politics : NPR

No comments: