Skip to main content
Tags: GOP | Tussles | Budget | Cut

GOP Tussles Over Size of Budget Cut

Wednesday, 05 January 2011 10:43 AM EST

The news that House Republicans will downsize their promised $100 billion budget cut prompted fresh explanations and reactions this morning from within the GOP, the National Journal reports . The incoming House Budget Committee Chairman said the adjustment is unavoidable because half the current budget is already spent, while a senator-elect countered that the party has to stick to its original target.

paul, ryan, budget, cuts"We're not reneging on it," the new budget chairman, Rep. Paul Ryan of Wisconsin, said of the promise to cut the federal budget. Ryan said on NBC's "Today" this morning that a $100 billion cut in this fiscal year is a problem because "half the spending cats are already out of the bag, and that is why that [$100 billion] number has become compromised."

The New York Times reported that House Republicans could cut the $100 billion target by as much as half. The revision drew criticism this morning on ABC's "Good Morning America" from Sen.-elect Rand Paul of Kentucky. Paul called the debt problem "enormous" and said "$50 billion is not enough to scratch the surface. We have to find much, much more."

Ryan is expected to have great leeway to set spending levels under a set of GOP rules to be voted on today.



© 2024 Newsmax. All rights reserved.


Politics
The news that House Republicans will downsize their promised $100 billion budget cut prompted fresh explanations and reactions this morning from within the GOP,the National Journal reports . The incoming House Budget Committee Chairman said the adjustment is unavoidable...
GOP,Tussles,Budget,Cut
208
2011-43-05
Wednesday, 05 January 2011 10:43 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved