Republican Budget Cuts Show Real Deficit

Photo: David Iliff

Photo: David Iliff

Aaron Cynic writes:

The Republican Study Committee released a breakdown of spending reductions and cuts, which they argue can save $2.5 trillion over the next ten years. Nearly all of the cuts come from the “discretionary spending” portion of the budget, which makes up just 16% of the total federal budget. The Republican plan is to simply push back spending levels to what they were in 2006 and hope for the best. Predictably, the Pentagon’s budget is off the chopping block. John Boener spokesman Michael Steele said “our immediate goal is to cut spending to pre-bailout, pre-stimulus levels.” Pre-bailout and stimulus levels for everyone but the defense department.

Some of the measures the RSC recommends make sense. Halving the printing budget to save $47 million in the age of digital information seems like a no brainer. Saving $15 billion by selling off unused federal property is something almost any businessperson would recommend. Eliminating the $1 million mohair subsidy is probably a smart decision, since military uniforms aren’t made out of wool these days. Plenty of the other cuts Republicans recommend however, aren’t only dubious decisions, but reek of partisan politicking.

Read the full post at Diatribe Media

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  • Liam_McGonagle

    Well, this SHOULD go without saying, but . . .

    “$15 billion [to be realized] by selling unused federal property.”

    Yah. In this market they’re going to be able to sell $15 billion of full book value–all in 1 year. (Insert your own derisive comment here).

    That’s exactly the type of freshly-minted MBA paper fantasy that’s been hamstringing the economy for 3 years now.

    On the other hand, even though this will do nothing to ameliorate the deificit, it IS a great recipe for super price-slash deals for their business lobby cronies. So win-win all ’round, right?

  • Liam_McGonagle

    Well, this SHOULD go without saying, but . . .

    “$15 billion [to be realized] by selling unused federal property.”

    Yah. In this market they’re going to be able to sell $15 billion of full book value–all in 1 year. (Insert your own derisive comment here).

    That’s exactly the type of freshly-minted MBA paper fantasy that’s been hamstringing the economy for 3 years now.

    On the other hand, even though this will do nothing to ameliorate the deificit, it IS a great recipe for super price-slash deals for their business lobby cronies. So win-win all ’round, right?

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