Republicans to unveil Spending Reduction Act

By: ladyimpactohio (Diary)  |  January 20th at 09:00 AM  | 

Rep. Jim Jordan (R-OH), Chairman of the Republican Study Committee will introduce the Spending Reduction Act of 2011 at noon today. This Act reduces federal spending by $2.5 trillion over ten years. The bill will specifically hold FY 2011 non-security discretionary spending to FY 08 levels, hold non-defense discretionary spending to FY 06 levels thereafter for the rest of the ten-year budget window (the same | Read More »