The 2011 Obama budget cuts show priorities Sun Sep 26, 2010 at 05:56:49 PM PDT
Cuts in corporate welfare, elimination of pork-barrel expenditures, ending confused military programs, removing market distorting subsidies of fossil fuels, and greater tax fairness. You can see most of it here where the list includes cutting everything from Yucca mountain (197million), the C-17 (2.5billion), oil and gas tax deductions (2.6billion), payments to wealthy farmers (800million over 5 years), and even a couple of million give-away to manufacturers of worsted wool. A lot of congressional pork-barrel is targeted too: especially programs that go around the usual priority setting such as Corp of Engineers waste water treatment plants that don't go through EPA siting procedures. And there is a general shift from subsidized loans to direct loans - a key project.citizen k's diary :: ::
The student loan program is made entirely direct loan - at a savings of $8billion in the first year. This change, I believe, codifies changes that were passed in reconciliation last year.
$27 million is cut from Department of Agriculture (USDA) Rural Housing Service’s (RHS)
multifamily housing demonstration program:
At this point, additional funding in the
demonstration program could be seen as over-subsidizing the multifamily housing property owners.
$46million is cut from Navy’s Next Generation Cruiser (CG(X))- anyone familiar with the DOD penchant for acquisitions of technology that does not exist and may not work will be shocked by this:
With a new design CG(X) projected to cost significantly more than the average for a new surface combatant,
the Navy believes that there are other, more affordable ways to improve air and ballistic missile defense.
Furthermore, the design and technology development has not matured enough to begin procurement in
2011, for example, several advance technologies, including the advance radar and combat systems, are either
not available or unproven.1,2
Instead of procuring CG(X), the Navy is considering other options including maturing the air and missile
defense radar program and using technologies from other similar kinds of ships such as DDG-1000 and
DDG-51 destroyers.
$2.5billion a year or more, and the Administration proposes to repeal tax provisions that preferentially benefit fossil fuel production.
Repealing fossil fuel tax preferences helps eliminate market distortions, strengthening incentives for
investments in clean, renewable, and more energy efficient technologies. This proposal would take effect
beginning January 1, 2011.
In 2009, member states at the G-20 summit committed to phase-out fossil fuel subsidies in the medium
term.1 A recent Organization for Economic Co-Operation and Development analysis indicates that
commitment from all G-20 member states to phase-out fossil fuel subsidies could reduce global greenhouse
gas emissions by 10 percent.2 In addition, removal of market distortions created by fossil fuel subsidies will
lead to a more efficient allocation within the energy sector as well as across sectors, likely with positive
impacts on National output and gross domestic product.
$20million cut from oil and gas research and development paid for by the taxpayer:
To foster the clean energy economy of the future and reduce our reliance on fossil fuels that contribute to
climate change, the Administration proposes to repeal provisions in the 2005 Energy Policy Act for the
mandatory oil and gas research and development (R&D) program that promotes fossil fuel production. In
addition, these R&D activities typically fund development of technologies that can be commercialized quickly,
like improved drill motors, which should instead be funded by the companies that benefit from the projects.
The notorious C-17
The C-17, together with the larger C-5, is the mainstay of the U.S. strategic airlift fleet. A total of 223
C-17s have now been ordered with the budgetary resources provided up to and including 2010. Analyses of
DOD’s requirements for long-range airlift have shown that the number of C-17s on order, together with the
existing fleet of C-5 aircraft, are more than sufficient to meet DOD’s mobility needs, even under the most
stressing scenarios.1,2 The Administration does not propose continued procurement of additional, unneeded,
C-17s since their substantial costs, both near-term and long-term operational costs, would have to be offset
by the early retirement of C-5s -- which still have, on average, 30 years of useful service life remaining.
And $197million.
The Administration has determined that Yucca Mountain, Nevada, is not a workable option for a nuclear
waste repository and will discontinue the Department of Energy’s program to construct a repository at the
mountain in 2010. The Department will carry out its responsibilities under the Nuclear Waste Policy Act
within the Office of Nuclear Energy as the Administration develops a new nuclear waste management
strategy.
http://www.dailykos.com/story/2010/9/26/905529/-The-2011-Obama-budget-cuts-show-priorities