What Do You Call $2.5 Trillion in Spending Cuts? A Good Start

Kathryn Nix / January 20, 2011

The new Congress has made spending reduction a priority. This week, Members are getting to work on that promise.

Yesterday, by a vote of 245–189, the House passed legislation to fully repeal Obamacare. The new health law represents unsustainable new spending, including an expansion of Medicaid and the creation of a new health entitlement. On paper, this massive growth in government is paid for by burdensome new taxes and unrealistic cuts to Medicare. But at the end of the day, Obamacare will explode the deficit, and its repeal is the only fiscally responsible way to move forward.

Today, the Republican Study Committee (RSC) will advance its promise to cut federal spending and reduce the size of government by introducing the Spending Reduction Act of 2011. Representative Jim Jordan (R–OH), RSC Chairman, visited The Heritage Foundation today to unveil the details of the proposal, of which he is the main sponsor. (more…)