Saturday, February 19, 2011

House Votes to Cut $60 Billion, Setting Up Budget Clash

The New York Times reports:
The House early Saturday approved a huge package of spending cuts, slashing more than $60 billion from domestic programs, foreign aid, and even some military projects, as the new Republican majority made good on its pledge to turn the grassroots fervor of the November elections into legislative action to shrink the size and scope of government.

The vote, of 235 to 189, was a victory for the large, boisterous class of fiscally conservative Republican freshmen that is fiercely determined to change the ways of Washington and that forced party leaders to pursue far bigger cuts than originally planned. It set the stage for a standoff with Senate Democrats and the White House that each side has warned could lead to a shutdown of the federal government early next month.

And it marked the opening salvo in what is likely to be a long, bitter clash of philosophical ideas about fiscal policy, as Republicans repudiate the liberal, Keynesian strategies that the Obama administration has relied on to navigate through the worst economic downturn since the Great Depression.
Some members of the Democrat party can't find anywhere in the budget to cut.