For those Americans that hoped a new, Republican House of Representative would roll out a full blooded deficit trimming plan, well you finally have it.
The “Spending Reduction Act of 2011” calls for a total of $2.5 trillion in cuts and aims to bring the U.S. back to the level of spending of 2005 in a short period of time.
It’s unlikely this bill will, in anyway, be passed as it stands right now. But its important to note that, when the debate kicks off, this will be what Republicans will be fighting for.
Business Insider Emails & Alerts
Site highlights each day to your inbox.