(GOP-led) House panels turn budget ax to automatic cuts

[Eugene]

Source: Reuters

House panels turn budget ax to automatic cuts

By David Lawder

WASHINGTON | Fri Apr 13, 2012 11:12am EDT

(Reuters) - Republicans in six House of Representatives committees next week will dust off their past proposals for reducing the deficit as they try to replace some of the automatic spending cuts set to take place in January.

Under a directive in the House-passed budget plan from Congressman Paul Ryan, the panels have just two weeks to come up with $18.45 billion in savings for fiscal 2013 and a net $261 billion over 10 years.

Expected targets for cuts include food stamps, farm subsidies and crop insurance, federal employee pensions and health care. A repeal of President Barack Obama's health reform law would prevent new coverage expenses from occurring from 2014.

The proposed cuts, like the Ryan budget that prescribes them, have little chance of passage in the Democratic-controlled Senate. But they will live on as campaign talking-points for both parties as November elections approach.

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Read more: http://www.reuters.com/article/2012/04/13/us-usa-budget-cuts-idUSBRE83B1QI20120413

[Vincardog]

1. I say any non-military cut must be preceded by 10 X the revenue increases as the cuts. The cuts

should come form representatives salary first.

[wandy]

2. Wait, didn't they agree to the deal here?

Time honered adage.
Never trust a republican.