San Diego Housing Market News and Analysis
OT: No worries folks, federal debt is now under control
User Forum Topic
Submitted by harvey on January 24, 2011 - 3:42pm
Interview with House majority leader Eric Cantor:
REP. CANTOR: No, no, that's not true. First of all, David, we're going to have a vote on the floor on Tuesday of this week directing our appropriations committees to go about deliberating on where those cuts are. Now, we know that there are hundreds of programs that are going to need to be cut. When you're talking about cutting $100 billion, you're going to have hundreds of programs in the thousands pages of spending plan that the federal government has. This week we will vote on an issue having to do with the Presidential Election Fund. We're going, we're going to vote to cut that. That's a $500 and some million expenditure. We're going to see hundreds of programs experience analysis and cuts just like that.
The Republican goal is to cut $100 billion in spending, back to '08 levels (because there was no deficit on '08, right?)
Here's a summary of the plan to reach the goal
1) Cut the Presidential Election fund.
So we can all breathe a sigh of relief. Problem solved.
~Active forum topics~