Friday, January 21, 2011

RSC Proposes Welcomed Changes to Federal Budget

Much praise from the R.C. Blog to Rep. Jim Jordan and the rest of the Republican Study Committee for yesterday's budget proposal to eliminate more than $2.5 trillion in non-security discretionary spending by the federal government. 

The proposal does what Republicans have been talking about for two years -- "repeal" of remaining stimulus funds (now $45 billion), privatizing Fannie and Freddie ($30 billion), repealing Medicaid' FMAP increase ($16.1 billion), and what they estimate at $330 billion in discretionary spending cuts. Highlights of these projected annual savings:

- Cutting the federal workforce by 15 percent through attrition, and do this by allowing only one new federal worker for every two who quit.

- Killing the "fund for Obamacare administrative costs" for $900 million

- Ending Amtrak subsidies for $1.565 billion

- Ending intercity and high speed rail grants for $2.5 billion

- Repealing Davis-Bacon for $1 billion

- Cutting annual general assistance to the District of Columbia by $210 million, and cutting the subsidy for DC's transit authority by $150 million.

Reforms that go after their own perks:

- Cutting the Federal Travel Budget in half, for $7.5 billion

- Cutting the Federal Vehicle Budget by 1/5, for $600 million

- Halve funding for congressional printing - $47 million annual savings

- Ending the death gratuity for members of Congress

And cuts that get revenge for Juan Williams: $445 million from the Corporation for Public Broadcasting, $167.5 million from the NEA, and $167.5 million from the NEH.

For a copy of the Spending Reduction Act, click here. is an independent site and is not affiliated with any official web sites, associations, or organizations associated with President Reagan. Any views expressed or content included on this site do not necessarily reflect the views, positions, or opinions of any of the organizations or individuals named, linked, or advertised.

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