The Daily Caller‘s Jon Ward reports on a new spending measure proposed by the Republican Study Committee that would reduce spending by $2.5 trillion over 10 years. The savings would come from eliminating or drastically reducing the funding of numerous government agencies and programs, such as the U.S. Agency for International Development and the subsidy for Amtrak, in addition to capping non-defense discretionary funding at 2006 levels. The Republicans’ campaign Pledge to America, in contrast, would have held spending to 2008 levels, which were significantly higher.
Jim Jordan of Ohio, the chairman of the RSC, will introduce the bill in the House, and Sen. Jim DeMint will introduce a companion bill in the Senate. Of course, President Obama would never sign such a bill even if it reached his desk, which is also extremely unlikely.
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