House GOP Threatens Government Shutdown To Get Steeper Cuts To Food Assistance, Financial Regulation [View all]

[Galraedia]

Source: ThinkProgress

House Republicans made it clear earlier this year that they had no intention of upholding the debt deal reached in 2011, despite a vow from President Obama that he would veto any appropriations bills that attempted to cut more spending than was agreed upon last August and a pledge from Senate Minority Leader Mitch McConnell (R-KY) that the deal would be upheld in the Senate.

After earlier indications that they would make substantial cuts to domestic programs to preserve defense spending, the House Appropriations Committee made it official yesterday, setting a spending level $27 billion below the level agreed to in the debt deal. The committee, bowing to the GOP’s more conservative wing, will make deep cuts to food assistance, financial regulations, and a host of other programs, setting up the potential for a government shutdown when the fiscal year ends in October, Politico reports:

The House begins with a total of $1.028 trillion for discretionary spending, $19 billion below the $1.047 trillion target set last summer and $15 billion below what was enacted just months ago for the current 2012 fiscal year. Republicans would also go $8 billion over the caps set in the Budget Control Act for defense spending[/b, and the result would be a net reduction of more than $27 billion from all other appropriations.

This translates into an added cut of about 5 percent, with the burden falling chiefly on a half-dozen domestic spending bills affecting nutrition programs, transportation, financial regulatory agencies, natural resources, and especially the labor, health and education bill cited by Dicks.

Read more: http://thinkprogress.org/economy/2012/04/26/471499/house-gop-government-shutdown/