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Congressional Republicans Push Sharpest Spending Cuts in a Generation

July 25, 2013 By Richard C. Young

A primary goal is to strip funding for Obamacare this fall. Senators Lee, Cruz and Paul push the effort to repeal Obamacare or convince Americans not to fund it. Republicans are talking about the sharpest cuts since 1995, when they proposed shuttering the departments of energy, education and commerce. This time, I’d also include the Fed. The New York Times’ Jonathan Weisman tells readers of the GOP’s bold spending cut plans.

“This is as serious a challenge on fiscal matters as I’ve ever seen,” said Representative Steny H. Hoyer of Maryland, the No. 2 House Democrat and a veteran of more than three decades in Congress.

In the Senate, Republicans are circulating a letter to Senator Harry Reid of Nevada, the majority leader, warning they will not approve any spending measure to keep the government operating after Sept. 30 if it devotes a penny to put in place Mr. Obama’s health care law. Signers so far include the No. 2 and No. 3 Republican senators, John Cornyn of Texas and John Thune of South Dakota, as well as one of the party’s rising stars, Marco Rubio of Florida.

The letter, drafted by Senators Mike Lee of Utah, Ted Cruz of Texas and Rand Paul of Kentucky, states: “If Democrats will not agree with Republicans that Obamacare must be repealed, perhaps they can at least agree with the president that the law cannot be implemented as written. If the administration will not enforce the law as written, then the American people should not be forced to fund it.”

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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