January 4, 2011 Leave a comment
House Republicans are about to create a plan on cutting $100 Billion from the domestic budget. Should be interesting:
House Republican leaders are so far not specifying which programs would bear the brunt of budget cutting, only what would escape it: spending for the military, domestic security and veterans.
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.
Can’t wait to see the specifics they come up with for this. Of course, there budget will go nowhere, but Americans actually are not big fans of cutting schools and roads. As Chait points out, they’d much rather just raise taxes on the rich or cut defense spending:
It’s easy to talk about cutting $100 billion in the abstract, it’s a lot harder when you are talking deep cuts in public services that Americans overwhelmingly value. There’s only so far you can get with “waste, fraud, and abuse.” It will be interesting to see what they come up with. The Democrats ads for 2012 may just write themselves.