The Republican Study Committee released on 01/20/2011 a proposal to cut Federal spending. The Spending Reduction Act could be part of the answer to the wanton waste of the Federal System, if it gets a chance.
(This is a bit of a long for a rant from me, I apologize beforehand. But there is some information here that is worth reading.)
Link to news release seen below.
|Jordan, Garrett and DeMint Unveil the Spending Reduction Act
Outline $2.5 trillion in spending cuts to help resolve growing debt crisis
Washington, Jan 20 -
Today, Rep. Jim Jordan (R-OH), Chairman of the Republican Study Committee (RSC), Rep. Scott Garrett (R-NJ), Chairman of the RSC Budget and Spending Task Force, and Senator Jim DeMint (R-SC), Chairman of the Senate Steering Committee, today unveiled the Spending Reduction Act, which begins to address the rapidly growing national debt by making substantial spending cuts immediately and throughout the next decade.
“The national debt has grown from $8.6 trillion four years ago to more than $14 trillion today,” said Jordan. “This mountain of debt, nearly the size of our entire economy, threatens to create a whole new financial crisis. Every day we refuse to change course and instill some fiscal responsibility, the problem grows even larger. Unless Washington acts soon to cut spending, massive tax hikes, economic stagnation, and national bankruptcy will rob our children of the opportunity to reach for the American Dream.”
“The Spending Reduction Act gives us a $2.5 trillion head start in the race to preserve the fiscal stability of the United States,” said Garrett. “This bill represents the first step in the process, not the last. To achieve long-term fiscal stability, we must finish the race by making the tough decisions Congress has put off for far too long. Only after we tear down barriers to job creation and make reforms to our entitlement programs can we truly resolve our debt crisis.”
Compared to current projections, the Spending Reduction Act would save taxpayers $2.5 trillion through 2021. It starts by keeping House Republicans’ pledge to take current spending back to 2008 levels and repeal unspent funds from the failed “stimulus.”
At the beginning of the next fiscal year on October 1, 2011, spending is further reduced to 2006 levels and frozen there for the next decade. To help achieve these savings, the bill shrinks the size and cost of the civilian federal workforce and specifically targets over 100 budget items and spending reforms.
Congressman Jim Jordan is Chairman of the Republican Study Committee (RSC).
The proposed spending reduction in the Act could do immense repair for turning the economy and deficit around. We all have to wonder, if like some have already assumed, that the Spending Reduction Act would ever even get a chance to be seen by all, let alone even voted on. So one had to wonder if this is just a show piece, a game of three card monty, to give us something available to focus on.
We sent a great new crop of candidates to DC, to hopefully stop the detrimental direction America was being taken. We expect them to do as they promised. We want them to do the job we sent them there to do, to work for "We the People" and not for self, special interest, lobbyist and a group of elitists. I am eerily reminiscent of the Contract with America, a grand proposal that, as a young conservative, I was very excited with. But, felt let down by the actions of those that we had given power too. Where I do see that some great advances had been made under that plan, i was lefty wishing more had been done and finished. HERE is the original text of the Contract for America and a great article written by the Heritage Foundation covering the ideas of it can be read HERE .
With this new proposal, I see that we, once again, have a beginning that can accomplish much in the foreseeable future in America. But like the Contract with America it can never be an attainable goal without our help. We let down ourselves and future generations by not staying the course, staying engaged with the politicians and not working to fulfill the contract. But unlike anytime in my life I see more people awakening to the truth of serious predicament we are all in. I see many more entering into the fight, many more working to be heard and many more do all that they can to make a difference.
Corporation 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.
Cut Federal Travel Budget in Half. $7.5 billion annual savings.
Trim Federal Vehicle Budget by 20%. $600 million annual savings.
Essential Air Service. $150 million annual savings.
Technology Innovation Program. $70 million annual savings.
Manufacturing Extension Partnership (MEP) Program. $125 million annual savings.
Department of Energy Grants to States for Weatherization. $530 million annual savings.
Beach Replenishment. $95 million annual savings.
New Starts Transit. $2 billion annual savings.
Exchange Programs for Alaska, Natives Native Hawaiians, and Their Historical Trading Partners in Massachusetts. $9 million annual savings.
Intercity and High Speed Rail Grants. $2.5 billion annual savings.
Title X Family Planning. $318 million annual savings.
Appalachian Regional Commission. $76 million annual savings.
Economic Development Administration. $293 million annual savings.
Programs under the National and Community Services Act. $1.15 billion annual savings.
Applied Research at Department of Energy. $1.27 billion annual savings.
FreedomCAR and Fuel Partnership. $200 million annual savings.
Energy Star Program. $52 million annual savings.
Economic Assistance to Egypt. $250 million annually.
U.S. Agency for International Development. $1.39 billion annual savings.
General Assistance to District of Columbia. $210 million annual savings.
Subsidy for Washington Metropolitan Area Transit Authority. $150 million annual savings.
Presidential Campaign Fund. $775 million savings over ten years.
No funding for federal office space acquisition. $864 million annual savings.
End prohibitions on competitive sourcing of government services.
Repeal the Davis-Bacon Act. More than $1 billion annually.
IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget. $1.8 billion savings over ten years.
Require collection of unpaid taxes by federal employees. $1 billion total savings.
Prohibit taxpayer funded union activities by federal employees. $1.2 billion savings over ten years.
Sell excess federal properties the government does not make use of. $15 billion total savings.
Eliminate death gratuity for Members of Congress.
Eliminate Mohair Subsidies. $1 million annual savings.
Eliminate taxpayer subsidies to the United Nations Intergovernmental Panel on Climate Change. $12.5 million annual savings.
Eliminate Market Access Program. $200 million annual savings.
USDA Sugar Program. $14 million annual savings.
Subsidy to Organisation for Economic Co-operation and Development (OECD). $93 million annual savings.
Eliminate the National Organic Certification Cost-Share Program. $56.2 million annual savings.
Eliminate fund for Obamacare administrative costs. $900 million savings.
Ready to Learn TV Program. $27 million savings.
HUD Ph.D. Program.
Deficit Reduction Check-Off Act.
There is so much waste that comes from the Federal System and so many that would do all not to relinquish any of their power that comes with it. But that power comes with a price and that price is costing untold fortunes to the future generations of our great country. America has a problem that many of us agree must be stopped in haste, that the burden being placed on America cannot be sustained for much longer. For those that have not seen it HERE is the actual numbers for the US Debt Clock. The staggering amount of money is almost unbelievable, yet alone unconscionable, to be placed on us and our citizens yet to come.
There is so much work to be done and so little time to do it in. We few that have taken on the responsibility to guard our REPUBLIC, the CONSTITUTION and to fight to hold on to America have a daunting task before us. I for one am happy to take it on so that my sons and future grandchildren will have the beloved America of my youth in their futures.
I proudly stand with all, so that we have one another to lean on and help each other. We can accomplish all that needs to be done as long as we work together. We may not all agree on what is most important, but we all agree that we are in a mounting problem that needs immediate attention to rectify it.
May the Lord bless and watch over us all