Jon Kyl touts $150 billion in budget cuts

[Keith Bee]

WASHINGTON -- Senator Jon Kyl (R-Ariz.), who represents the Senate GOP in White House debt talks, said on Tuesday that a bipartisan group of lawmakers had agreed to about $150 billion in budget cuts so far, with an aim to eventually cut trillions more in order to reach a final deal that would raise the debt ceiling.

Kyl said the group “has just gotten started,” and found about $100 billion in cuts by comparing the 2012 budget proposals by President Barack Obama and the House GOP. From there, they agreed to about $50 billion in additional cuts from the two plans, he said.

Still, the lawmakers, led by Vice President Joe Biden, have a long way to go before making a final plan to cut the deficit, Kyl said. They hope to eventually cut $4 trillion, including a “down payment” of cuts equal to the amount the debt ceiling is increased. The Treasury has estimated the debt ceiling would need to be raised by $2 trillion to meet the White House’s request of extending the debt limit beyond the 2012 elections.

“We’re talking in the area of about $150 billion right now,” Kyl told reporters. “We all recognize that we have to do a lot more than that.”

http://www.huffingtonpost.com/2011/05/17/jon-kyl-debt-ceiling-talk_n_863173.html

Well, there go school lunches, in-home care for the elderly, new textbooks for poor areas, etc. But hey: It doesn't TOUCH the War Machine!

[no limit]

1. The sad part is he is absolutely right

They do all recognize that they have to do a lot more than that, including Obama himself.

[Cali_Democrat]

2. Any compromise on tax increases for the wealthy or reducing the defense budget?

Or is that just wishful thinking?

:banghead:

[katnapped]

3. How about their salaries?

Or is THAT wishful thinking?

[chelsea0011]

4. How about ending the 2 wars, save billions, and go from there