1/17/2011

GOP to Obama: Cut Spending Back To 2008 Levels

Posted by Brian
House GOP Gives Obama An Ultimatum On Debt Ceiling
by Emily Miller
Human Events
Posted 01/17/2011 ET
Updated 01/17/2011 ET

House Republicans demand that President Obama significantly cut government spending in exchange for Congress raising the national debt ceiling.
 
Specifically, the GOP wants Obama to agree to cut government spending back to 2008 levels, put a spending cap on discretionary spending, and reform the budget process.
 
The GOP blames Obama and the former Democratic Congress for the out-of-control government spending that led to the rapid increase in debt.


The United States now has a record-setting $14 trillion in debt, and will hit the current statutory debt limit of $14.3 trillion as early as March.
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