The Tea Party Wins!… America Wins!
The GOP House kept their promise to America and announced today that they had cut $100 billion in spending this fiscal year.
The Hill reported:
House Appropriations Committee Chairman Hal Rogers (R-Ky.) on Friday evening introduced a revised 2011 government spending bill that the GOP said will cut at least $100 billion in spending this fiscal year, bowing to demands by Tea Party-backed House freshmen.
The continuing resolution funding the government after March 4 cuts deeply across all areas of domestic spending and singles out many programs for complete elimination.
In the CR $81 billion has been cut from non-security programs, and security-related programs have been reduced by $19 billion, compared to Obama’s 2011 budget request.
The legislation will increase funding for the Department of Defense by 2 percent over last year’s level.
“This evening, on behalf of House Republicans, Appropriations Chairman Hal Rogers introduced a Continuing Resolution that will reduce spending by at least $100 billion in the next 7 months – a historic effort to get our fiscal house in order and restore certainty to the economy,” Majority Leader Eric Cantor (R-Va.) said in a statement.
“At a time when unemployment is too high and economic growth is elusive in part because of the uncertainty created by our skyrocketing debt, this legislation will mark the largest spending cut in modern history and will help restore confidence so that people can get back to work. These are not easy cuts, but we are finally doing what every other American has to do in their households and their businesses, and that’s to begin a path of living within our means,” he said.
