Spending cuts: Here comes the hard part
August 3rd, 2011
07:46 AM ET
7 years ago

Spending cuts: Here comes the hard part

NEW YORK (CNNMoney) - After months of political wrangling, lawmakers have managed to pass a bill that raises the debt ceiling and cuts spending.

Now for the hard part.

Congress cut spending, but still has to decide which programs and agencies will receive less money.


Filed under: Congress • Debt • Deficit
soundoff (9 Responses)
  1. Rudy NYC

    They should cut the welfare, the corporate welfare.

    August 3, 2011 08:04 am at 8:04 am |
  2. mcoville

    With how little this bill cuts it could be done by any grade school student. REAL cuts would hurt and be hard to do, but this bill is a joke.

    With out REAL cuts we will never have a real recovery.

    August 3, 2011 08:11 am at 8:11 am |
  3. Marie MD

    Hard part? We already know that anything that screws the almost non existent middle class, the poor, children and the seniors (big part of the teabagging problem) whose Social Security and Medicare is going to take a big hit that hard part?
    Don't sorry America the rich and big corporations will continue to flourish. That is the onky thing the party of HELL NO and the reatards care about, including the flake from MN.
    This also includes cities and states who are laying off teachers, thenpolice and firefighters whil thenrich go on with their private jets and numerous homes. Vote rethug again in 2012 and see how much sorsd it can get, and it can!!!

    August 3, 2011 08:12 am at 8:12 am |
  4. Dean

    This is an easy one...10% across the board (for a start). This will get rid of a lot of waste. No one will lose their cushy government job and no one will be denied any free handouts (benefits).

    August 3, 2011 08:29 am at 8:29 am |
  5. Ray E. Georgia

    Everyone has to take a reduction in their Government stipends including me. If everyone doesn't take a small reduction now, there may be nothing there in the not too distant future. AND please, don't blame someone else for the problem ! People, who had no way to pay for them, bought houses. So now they are paying the price. So take responsibility for your future.

    August 3, 2011 08:31 am at 8:31 am |
  6. "The GOP biggest deception is getting the Poor and Middle class to believe they are out to help them"

    At some point the Republicans are going to realize cutting will only save so much and income will have to increase. So those tax cuts for the wealthy will have to go!!

    August 3, 2011 08:35 am at 8:35 am |
  7. Marie MD

    Also just heard that the rethugs won't send nyon to "to the new committed of 12" if they are willing to compromise. That leaves the cantors, ryans, kyl and any of the other teabaggers to del (pun not intended) with again!!!
    They are already mad that the President is pivoting, accorcing to 3%=98% kyl. In other words they ran on JOBS in 2010 but now thatbthenPresident wants to get bsck to real businesx aftdf the terrorist takeover they are NOT interested. this inckudes mcconnell!!!

    August 3, 2011 08:48 am at 8:48 am |
  8. GI Joe

    I'm sure they will cut everything for the "granny/grampa generation" that worked to improve roads, sewers, computers, the space race, weapons systems, air quality, food safety, and on and on.

    BUT they will protect the loopholes, the subsidies, and defense (gotta be able to start more wars).

    August 3, 2011 09:05 am at 9:05 am |
  9. GI Joe

    No matter where they cut, jobs are on the line. Someone loses a job. Several thousand lose jobs. But at least the corporations get to keep their loopholes and the lowest tax rate in half a century. It's a sad state of affairs. Can anybody say depression for the middle class and poor? (while the wealthy get to keep theirs).

    August 3, 2011 09:08 am at 9:08 am |