You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The White House Blog: Details of the Bipartisan Budget Deal -- posted this evening [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
highplainsdem Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-09-11 06:40 PM
Original message
The White House Blog: Details of the Bipartisan Budget Deal -- posted this evening
Advertisements [?]
Edited on Sat Apr-09-11 06:41 PM by highplainsdem
http://www.whitehouse.gov/blog/2011/04/09/details-bipar...

The White House Blog
Details of the Bipartisan Budget Deal
Posted by Dan Pfeiffer on April 09, 2011 at 06:44 PM EDT

Last night, President Obama announced that the federal government will remain open for business because Americans from different beliefs came together, put politics aside, and met the expectations of the American people. Today, small businesses will no longer worry or have to wait on a loan to open or expand their business, families will receive the mortgages they applied for, and hundreds of thousands of government workers, including our brave men and women in uniform, will continue to receive paychecks on time.

This deal cuts spending by $78.5 billion from the Presidents FY 2011 Budget request -- the largest annual spending cut in our history. These are real cuts that will save taxpayers money and have a real impact. Many will be painful, and are to programs that we support, but the fiscal situation is such that we have to act.

The two sides agreed to cut $13 billion from funding for programs at the Departments of Labor, Education, and Health and Human Services as well as over $1 billion in a cut across non-defense agencies, forcing everyone to tighten their belt. There will be reductions to housing assistance programs and some health care programs along with $8 billion in cuts to our budget for State and Foreign Operations. These significant cuts to the State Department and foreign assistance will mean we will not meet some of the ambitious goals set for the nation in the Presidents Budget.

Our team also went after wasteful spending and earmarked, special interest programs including $630 million in earmarked transportation projects and at least $2.5 billion in transportation funding that is ready to be earmarked. We were able to cut $35 million by ending the Crop Insurance Good Performance Rebate, which gives successful farmers, who have no claims, a rebate for insurance premiums already subsidized by the federal government. In addition to these cuts, we were able to eliminate $30 million for a job training program that was narrowly targeted at certain student loan processors. We also looked to the Defense department for savings, and were able to identify $18 billion in cuts deemed unnecessary by the Pentagon. These types of cuts are what the American people expect out of their leaders in Washington.

-snip-



Please read the full blog post for all the details.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC