Yesterday the Republican’s released a plan to cut $2.5 trillion in spending over the next 10 years. The plan is being met with a lot of skepticism, even from FOX News where Neil Cavuto noted that the plan actually saves only $330 billion.
The plan, which does not touch the Pentagon or Homeland Security, calls to return non-discretionary spending to the 2006 level. Think Progress highlights why this is such a bad idea:
Returning non-defense discretionary spending to the 2006 level — and then keeping it there — would result in billions of dollars in cuts to vital and popular programs and agencies like Pell Grants, the FBI, the Coast Guard, the National Institutes of Health and the federal prison system.
But even worse, as Steve Benen points out, is that the GOP’s new plan would cost us thousands, if not more, of jobs: