Proposed Cuts Fall Short of Promises

Using authority provided by a new House rule, House Budget Committee Chairman Paul Ryan (R-WI) announced last week that this fiscal year’s allocation to the House Appropriations Committee would be $1.055 trillion, a cut of $35 billion below the FY 2010 funding level.

Ryan’s allocations assume an $8 billion increase for security funding and a $43 billion cut for non-security funding.  House Appropriations Committee Chairman Harold Rogers (R-KY) also released allocations to the 12 subcommittees that include cuts below 2010 levels for every subcommittee except defense.  Federal agencies are currently funded with a continuing resolution that expires March 4.

In a pledge released last year, House Republicans estimated that $100 billion in cuts would be made during the first year. The $35 billion in proposed cuts represents two percent of this year’s projected $1.5 trillion deficit.

External links:
House Budget Committee Chairman’s Allocations
House Appropriations Committee’s Proposed Allocations to Subcommittees
GOP’s Pledge to America
Hoyer Statement on Republican FY 2011 Allocations
CBO: January 2011 Budget Projections