House Democrats Propose $7 Billion Budget Cut

[The Northerner]

WASHINGTON — Buffeted by deficit pressures, House Democratic leaders are proposing a $7 billion cut in President Barack Obama's budget for the next fiscal year.

Democratic aides said on Wednesday that the cuts will be implemented as Democrats pass a short-term budget plan cutting deeper than Obama's proposed freeze of the annual operating budgets of domestic agencies.

The cut amounts to less than 1 percent of the more than $1.1 trillion proposed for agency budgets funded by lawmakers each year through the spending bills. The next fiscal year begins Oct. 1.

The aides spoke on condition of anonymity because the plan has not been formally announced.

Across the Capitol, Senate Democratic leaders were moving to cut billions of dollars from a grab-bag measure to extend unemployment benefits, provide cash assistance to state governments and extend dozens of tax breaks sought by business lobbyists.

Read more: http://www.google.com/hostednews/ap/article/ALeqM5gBPaHA8wyvhZsKWPW8Uxp30QpfqgD9GH3DN80

[aquart]

1. Or we could impose wartime taxes on the rich.

[CountAllVotes]

2. or we could end the two idiotic wars

which are sucking America dry. :mad:

:kick:

[Scuba]

3. Let's guess how many $$ will come from submarines, aircraft carriers and fighter jets !!

[walldude]

4. Or how about weapons in development that never get built...

You can bet that number is in the billions.

[Scuba]

5. Or Kerry/Lieberman's oil subsidies.