If Republicans get their way, non-defense discretionary spending will be cut back to 2006 levels, and those levels will be frozen until 2022. Along with abolishing unspent stimulus funds from ever being spent, cutting ties with Fannie and Freddie, freezing automatic pay increases for federal employees, and reducing the numbers of federal employees, Republican Study Committee wants to cut or abolish the following: All of the cuts below and above, represent a $2.5 trillion savings. The list below represents $2.3 trillion of the $2.5 trillion.
The chart above comes from CNNMoney, and says spending at 2006 levels would begin next year. Democrats did not leave behind a budget, as they are obligated to do, when they surrendered House control, so…
Meanwhile, next Tuesday, the House will vote on a resolution that reinforces the budget committee chairman’s power under newly passed House rules. Those rules let Budget Chairman Paul Ryan pick a top-line spending number for the federal budget that would apply to the second half of fiscal year 2010.
Corporation for Public Broadcasting Subsidy. $445 million annual savings.
Save America’s Treasures Program. $25 million annual savings.
International Fund for Ireland. $17 million annual savings.
Legal Services Corporation. $420 million annual savings.
National Endowment for the Arts. $167.5 million annual savings.
National Endowment for the Humanities. $167.5 million annual savings.
Hope VI Program. $250 million annual savings. [take a look at where the money is going]
Amtrak Subsidies. $1.565 billion annual savings.
Eliminate duplicative education programs. H.R. 2274 (in last Congress), authored by Rep. McKeon, eliminates 68 at a savings of $1.3 billion annually.
U.S. Trade Development Agency. $55 million annual savings.
Woodrow Wilson Center Subsidy. $20 million annual savings.
Cut in half funding for congressional printing and binding. $47 million annual savings.
John C. Stennis Center Subsidy. $430,000 annual savings.
Heritage Area Grants and Statutory Aid. $24 million annual savings.
I like this. It’s a start and it sounds as though much, much more is on the table.