Moving aggressively to make good on election promises to slash the federal budget, the House GOP today unveiled an eye-popping plan to eliminate $2.5 trillion in
over the next 10 years. Gone would be Amtrak subsidies, fat checks to the Legal Services Corporation and National Endowment for the Arts, and some $900 million to run President Obama's
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What's more, the "Spending Reduction Act of 2011" proposed by members of the conservative Republican Study Committee, chaired by Ohio Rep.
, would reduce current spending for non-defense, non-homeland
and non-veterans programs to 2008 levels, eliminate federal control of Fannie Mae and Freddie Mac, cut the federal workforce by 15 percent through attrition, and cut some $80 billion by blocking implementation of Obamacare.
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Some of the proposed reductions will surely draw
attack, such as cutting the Ready to Learn TV Program, repeal of the Davis-Bacon Act, the elimination of the
Star Program, and cutting subsidies to the Woodrow Wilson Center.
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Here is the overview provided by the
FY 2011 CR Amendment: Replace the spending levels in the FY 2011 continuing resolution (CR) with non-defense, non-homeland security, non-veterans spending at FY 2008 levels. The legislation will further prohibit any FY 2011 funding from being used to carry out any provision of the Democrat government takeover of health care, or to defend the health care law against any lawsuit challenging any provision of the act. $80 billion savings.Discretionary Spending Limit, FY 2012-2021: Eliminate automatic increases for inflation from CBO baseline projections for future discretionary appropriations. Further, impose discretionary spending limits through 2021 at 2006 levels on the non-defense portion of the discretionary budget. $2.29 trillion savings over ten years.Federal Workforce Reforms: Eliminate automatic pay increases for civilian federal workers for five years. Additionally, cut the civilian workforce by a total of 15 percent through attrition. Allow the hiring of only one new worker for every two workers who leave federal employment until the reduction target has been met. (Savings included in above discretionary savings figure)."Stimulus" Repeal: Eliminate all remaining "stimulus" funding. $45 billion total savings.Eliminate federal control of Fannie Mae and Freddie Mac. $30 billion total savings.Repeal the Medicaid FMAP increase in the "State Bailout" (Senate amendments to S. 1586). $16.1 billion total savings.More than 100 specific program eliminations and spending reductions listed below: $330 billion savings over ten years (included in above discretionary savings figure).Here is the full list of cuts:
Additional Program Eliminations/Spending ReformsCorporation 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.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.Community Development Fund. $4.5 billion annual savings.Heritage Area Grants and Statutory Aid. $24 million annual savings.