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As G.O.P. Seeks Spending Cuts, Details Are Scarce

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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-21-10 11:17 PM
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As G.O.P. Seeks Spending Cuts, Details Are Scarce
Calculations by the nonpartisan Congressional Budget Office and other independent fiscal experts show that the $1.1 trillion cost over the next 10 years of the Medicare prescription drug program, which the Republican-controlled Congress adopted in 2003, by itself would add more to the deficit than the combined costs of the bailout, the stimulus and the health care law.

The House Republican leader, John A. Boehner of Ohio, has called for immediate cuts in “non-security discretionary” spending to prerecession 2008 levels. Independent analysts say that would require eliminating about $105 billion — or more than 20 percent of spending by departments like Education, Transportation, Interior, Commerce and Energy — a level of reductions that history suggests would be extremely hard to execute. (Since 1982, nonmilitary discretionary spending has never dropped by more than 5.5 percentage points in any given year.)

http://www.nytimes.com/2010/10/20/us/politics/20spend.html?_r=1
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-22-10 12:13 AM
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1. They'll get specific after the election
when they do everything they can to gut Social Security.
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