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As noted below, roughly $2.3 trillion of the $2.5 trillion in savings from the Republican Study Committee's Spending Reduction Act would come from cutting non-defense discretionary spending to 2006 and freezing that spending through 2021.
Where does the rest of the money come from? The RSC wants to cut remaining stimulus funds, eliminate federal control of Fannie Mae and Freddie Mac, and eliminate automatic pay increases for federal employees for five years and reduce the federal workforce by 15 percent through attrition. The RSC has also proposed eliminating or cutting back more than 100
Corporation for Public Broadcasting Subsidy. $445 million annual savings.
Save America's Treasures Program. $25 million annual savings.
International Fund for Ireland. $17 million annual savings.
Legal Services Corporation. $420 million annual savings.
National Endowment for the Arts. $167.5 million annual savings.
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Save America's Treasures Program. $25 million annual savings.
Legal Services Corporation. $420 million annual savings.
Amtrak Subsidies. $1.565 billion annual savings.
Hope VI Program. $250 million annual savings.
Woodrow Wilson Center Subsidy. $20 million annual savings.
Established by an act of Congress in 1968, the Wilson Center is our nation's official living memorial to President Woodrow Wilson. As both a distinguished scholar—the only American President with a Ph.D.—and a national leader, Wilson felt strongly that the scholar and the policymaker were "engaged in a common enterprise."
Essential Air Service. $150 million annual savings.
The Essential Air Service (EAS) program was put into place to guarantee that small communities that were served by certificated air carriers before deregulation maintain a minimal level of scheduled air service. The Department currently subsidizes commuter airlines to serve approximately 140 rural communities across the country that otherwise would not receive any scheduled air service.
Intercity and High Speed Rail Grants. $2.5 billion annual savings.
Applied Research at Department of Energy. $1.27 billion annual savings.
Originally posted by AndrewTB
I'm appalled to see so many people complaining about the cuts being made. America is in a state of emergency in a sense and needs to cut every corner possible.