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Living版 - GOP bill is gonna kill DC housing market even 20% achieved
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话题: spending话题: billion话题: would话题: bill话题: budget
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j*********r
发帖数: 406
1
NEW YORK (CNNMoney) -- In the run-up to President Obama's State of the Union
address next Tuesday, Republicans are turning up the volume on their
pledges to cut spending.
On Thursday, the House Republican Study Committee -- which includes some of
the party's most conservative members -- introduced a bill that the
committee said would reduce spending by $2.5 trillion over a decade.
The bill takes the money primarily from non-defense discretionary spending,
which constitutes 19% of the budget. It would keep spending at 2006 levels,
starting next year, and proposes $330 billion in cuts to more than 100
programs over ten years.
It sounds more straightforward than it would be in reality. For instance, a
summary of the proposal does not make clear what would be cut to establish
2006 levels. Would the cuts be across the board or more targeted?
How to cut $1 trillion from the Pentagon
And more broadly, it's not clear whether the bill would make a significant
dent in the national debt. By excluding defense and entitlement spending
from cuts, the bill fails to address the biggest pieces of the federal
budget.
RSC Chairman Jim Jordan of Ohio characterized the bill as a "good first step
" toward a more fiscally sustainable path. But he also said that "everything
needs to be on the table" in discussions about how to curb U.S. debt,
including potential cuts to defense -- a position conservatives typically
reject.
Among the biggest items the legislation would eliminate and the annual
savings from each:
Community Development Fund ($4.5 billion)
Intercity and high-speed rail grants ($2.5 billion a year)
Amtrak subsidies ($1.6 billion a year)
U.S. Agency for International Development ($1.4 billion)
Duplicative education programs ($1.3 billion)
Applied research at the Department of Energy ($1.27 billion)
National and Community Services Act programs ($1.15 billion)
Funding for a host of smaller programs would also be cut, including the
Corporation for Public Broadcasting ($445 million a year); as well as both
the National Endowment for the Arts and the National Endowment for the
Humanities (a combined $335 million).
Among the spending reductions called for: the federal travel budget would be
cut in half ($7.5 billion a year) as would the funding for congressional
printing and binding ($47 million a year).
It is not clear how much broad Republican support the Spending Reduction Act
will attract. Nor is it clear if the Republican leadership will champion
any of the bill's proposals.
0:00 /2:11The GOP's debt-tamer
Republicans are vowing to use the looming need to raise the country's debt
limit to extract spending cuts in negotiations with Democrats.
A spokesman for House Speaker John Boehner said "we appreciate every member'
s input" in the Republicans' quest to reduce spending to "pre-bailout, pre-
stimulus levels."
The bill comes on the heels of smaller bill introduced last week by Rep.
Kevin Brady, a Republican from Texas. That legislation would cut $153
billion from the federal budget over five years and includes many spending
reductions proposed by President Obama's bipartisan debt commission.
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 2011.
Currently there is no new 2011 federal budget in place, but there is a
temporary spending measure that extends 2010 levels for government agencies
until March 4 -- midway through the fiscal year
w******y
发帖数: 8040
2
小政府是共和党为数不多的对这个国家有利的主张
fvck民主党的大政府举措

Union
of
,
,
a
step
everything
be
Act
member'
reinforces
Those
the
agencies

【在 j*********r 的大作中提到】
: NEW YORK (CNNMoney) -- In the run-up to President Obama's State of the Union
: address next Tuesday, Republicans are turning up the volume on their
: pledges to cut spending.
: On Thursday, the House Republican Study Committee -- which includes some of
: the party's most conservative members -- introduced a bill that the
: committee said would reduce spending by $2.5 trillion over a decade.
: The bill takes the money primarily from non-defense discretionary spending,
: which constitutes 19% of the budget. It would keep spending at 2006 levels,
: starting next year, and proposes $330 billion in cuts to more than 100
: programs over ten years.

g*v
发帖数: 308
3
great move

Union
of
,
,

【在 j*********r 的大作中提到】
: NEW YORK (CNNMoney) -- In the run-up to President Obama's State of the Union
: address next Tuesday, Republicans are turning up the volume on their
: pledges to cut spending.
: On Thursday, the House Republican Study Committee -- which includes some of
: the party's most conservative members -- introduced a bill that the
: committee said would reduce spending by $2.5 trillion over a decade.
: The bill takes the money primarily from non-defense discretionary spending,
: which constitutes 19% of the budget. It would keep spending at 2006 levels,
: starting next year, and proposes $330 billion in cuts to more than 100
: programs over ten years.

1 (共1页)
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poured basement 是很大的优点吗?Should You Pay Off Your Mortgage Early?
房市触底了,快涨价了Housing construction shows strength一般的房子能承受多大的风啊?
New home sales hover near all-time low (ZZ)自己动手安装了一个 Garage door opener
Huge spending cuts 对房市场如何影响?对买房和收拾房子有经验的xdjm 们,请留步!多谢了! (转载)
房价和利率还得降Hiring slows, unemployment rises解决问题的先后次序 (转载)
相关话题的讨论汇总
话题: spending话题: billion话题: would话题: bill话题: budget