Friday, January 21, 2011

G.O.P. Plans to Cut Spending by $2.5 Trillion Over Next Decade

That is a good start.

Anyway, they will not have any revenue to spend.

This report from NYTIMES - written by David H. Herszenhorn

Here is an excerpt that summarizes the plans.

 The proposal, from the Republican Study Committee, a conservative bloc that counts more than two-thirds of House Republicans as members, calls for immediate reductions of at least $100 billion, compared with cuts in the current fiscal year of up to $80 billion being sought by party leaders.

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