Proposal Leaves $42 Billion on the Table
Earlier this morning, Heritage Action told you the focus in Washington was shifting to spending. Sure enough, House Budget Committee Chairman Paul Ryan (R-WI) unveiled his budget numbers for the remainder of 2011. The proposal would cut non-security spending by $58 billion, but it falls $42 billion short of the Republicans’ Pledge to America to cut $100 billion in the first year.
From the Pledge:
With common-sense exceptions for seniors, veterans, and our troops, we will roll back government spending to pre-stimulus, prebailout levels, saving us at least $100 billion in the first year alone and putting us on a path to balance the budget and pay down the debt. We will also establish strict budget caps to limit federal spending from this point forward.
To clarify, House Republicans pledged to rollback non-security discretionary spending to 2008 levels. Heritage Action supported that effort, considering it the bare minimum.
Chairman Ryan’s proposal would reduce non-security discretionary spending to $420 billion, down from the President’s requested $478 billion, but $42 billion higher than the promised 2008 level of $378 billion.
What conservatives need to know is that the proposal leaves an unacceptable $42 billion on the table.
Note: The $74 billion figure includes $16 billion in security cuts, which do not help House Republicans meet their goal of cutting $100 billion in non-security spending.