$100 Billion Dollar Pledge To America

Republicans are aiming to cut government spending to lower costs. The money 'saved' could be as much as $100,000,000.  How much of that will you ultimately see in your own wallet?

WASHINGTON -- Piling cuts on top of cuts, House Republican leaders outlined an additional $26 billion in spending reductions on Thursday in hopes of placating conservatives who rejected an initial draft as too timid.

Rep. Harold Rogers, R-Ky., in charge of drafting the legislation, said he had proposed "deep but manageable cuts in nearly every area of government."

No details were immediately available, but the move would cut current spending in hundreds of federal programs by about $60 billion, resulting in levels in effect in 2008.

By Republican reckoning, the new measure would reduce spending by $100 billion below Obama's request for the current fiscal year, a number they had promised to meet in the "Pledge to America," their manifesto in the 2010 campaign. The actual cuts from current rates are less because the $100 billion promise assumes Obama budget increases that were never enacted.

Read more: http://www.foxnews.com/politics/2011/02/11/republicans-promise-b-spending-cuts/#ixzz1Dg7X1npJ