Tea Party Budget Cuts $9 Trillion

FreedomWorks puts final touches on $9 trillion in cuts.

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The Tea Party would go much further than the House Republicans, the Simpson-Bowles Commission and the congressional super-committee with its new deficit cutting plan, pushing reductions of $9 trillion over 10 years by eliminating several major programs and agencies.

[Check out political cartoons about the Tea Party.]

Previewing its plan set for a mid-November release, FreedomWorks today reported that most Tea Party supporters want to kill Obamacare, close the doors on the Departments of Education and Housing and Urban Development, and privatize financial giants Fannie Mae and Freddie Mac.

"There's a real hunger for bold, principled solutions and an end to bipartisan 'kicking the can down the road.' As we know only too well, many regular citizens out there have pretty much given up on Washington insiders ever listening to their concerns," said the preview provided to Whispers.

Disappointed by the size of the cuts made in July's debt ceiling deal, FreedomWorks created a Tea Party Debt Commission with a goal of cutting $9 trillion over 10 years. It encouraged Tea Party supporters to help and set up a Web page and poll to help sift through potential budget cutting targets.

[Check out political cartoons about the budget and deficit.]

The top 10 suggested cuts by Tea Party members total $6 trillion over 10 years, more than the cuts proposed by House Budget Committee Chairman Paul Ryan, the president's Simpson-Bowles Commission, and the totals being sought by the congressional "super committee."

The Tea Party's top 10 preferred cuts:

1. Repeal Obamacare (93%)

2. Reduce duplicative purchases of Pentagon Supplies (90%)

3. Eliminate Department of Education (81%)

4. Privatize Fannie Mae & Freddie Mac (81%)

5. Reduce discretionary spending to 2008 levels (76%)

6. Block grant Medicaid (74%)

7. End ethanol tax credits (71%)

8. Sell needless federal buildings (71%)

9. Eliminate HUD (70%)

10. Reduce Medicare teaching subsidies (68%)

See the full preliminary report here.