Thursday, February 10, 2011

House of Representatives GOP - #2634 - "Revolt Over - House GOP Leadership Agrees to Caucus's Demands to Cut Spending by $100B - Hot Air (2) House GOP Targets Dozens of Government Programs With Spending Cut Plan - Fox (3) Shock Graphic Shows Severity of Proposed Obama Budget Cuts - The Blaze (4) Obama: Oh, By the Way, I Haven't Raised Taxes Once - Hot Air

The “revolt” ends in triumph according to Roll Call, as quoted by K-Lo at the Corner: House Republican leaders have agreed to a key conservative demand that they make good on their campaign pledge to reduce fiscal 2011 spending to $100 billion less than President Barack Obama’s budget request, GOP aides said Wednesday. According to a GOP leadership aide, Majority Leader Eric Cantor (R-Va.) and other leaders are working with Republican appropriators, the Republican Study Committee and other conservatives on a “unified” strategy to reduce spending beyond the $74 billion in cuts they had already planned. The cuts, which would only apply to non-defense discretionary spending, would come as part of a continuing resolution to fund the government between March and the end of the fiscal year… Read more.......


House GOP Targets Dozens of Government Programs with Spending Cut Plan - Fox - House Republicans have proposed cutting or eliminating dozens of government programs as part of a plan they say will save up to $74 billion, kicking off what is sure to be a vigorous debate on Capitol Hill over what to keep and what to slash. Offering a first glimpse of the specifics Republicans have in mind to rein in spending, House Appropriations Committee Chairman Hal Rogers, R-Ky., on Tuesday released a partial list of 70 spending cuts included as part of the GOP's budget proposal for funding the government through the end of the fiscal year. Read more......

Shock Graphic Shows Severity of Proposed Obama Budget Cuts - The Blaze - We are still five days away from the unveiling of the President’s 2012 Budget, yet the number-crunching and long-term analysis are in full swing. Senator Rand Paul has been making the rounds this week, touting his proposal to slice $500 billion dollars from the budget while White House Budget Director Jack Lew penned a piece for the New York Times that let us all know the President made some “tough choices” when cutting an estimated $775 million from the 3.8 TRILLION dollar budget. (By the way, $1.5 Trillion of that is CBO estimated deficit spending, or money we will have to borrow from someone.) Of course there are some savings to be had if the five year spending freeze is accomplished, estimates say $400 Billion over 10 years. The 3.8 Trillion dollar number is staggering enough, but looms even larger when you consider it against the President’s proposed $775 million dollars in tough choice cuts.

It is difficult to see the cuts, so Doug zoomed in a little for us. Still can’t see the cuts? Zooming in another 10xs. There it is!  See the vertical green line above,  $775 million. Wow, that’s some serious budget cutting on display.
Obama: Oh, By the Way, I Haven't Raised Taxes Once - Hot Air - Via Amy Proctor, it’s a few days old but too exquisitely shameless to let pass. How shameless? So shameless that even his pals at PolitiFact, who normally can be trusted to shill for him on ObamaCare, can’t absolve him: The idea that Obama did not raise taxes is just plain wrong. He signed legislation raising taxes on cigarettes and other tobacco products soon after taking office; that money goes to pay for children’s health insurance programs. The law went into effect in 2009. He also signed the health care law, which includes taxes on indoor tanning that went into effect last year. The new health care law also includes a tax on people who decide not to have health insurance, as an incentive for them to get coverage. The tax phases in gradually, starting in 2014. By 2016, the tax would be $695 per uninsured person up to a maximum of three times that amount, or $2,085. The law includes exemptions for people who can’t find affordable insurance, and a few other special circumstances. Read more taxes Obama didn't raise.......

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