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Critics lashed out Wednesday at a proposal by U.S. Sen. Rand Paul to slash numerous federal programs, including food stamps, to save $500 billion in a single year.
"Some of the elements of the plan, which would remove the safety net that poor and vulnerable people need, we would find morally objectionable," said the Rev. Patrick Delahanty, executive director of the Catholic Conference of Kentucky.
"I am proud to introduce my own solution to the mounting debt our spendthrift, oversized government has accrued," Paul said in a statement. "By rolling back to 2008 levels and eliminating the most wasteful programs, we can still keep 85 percent of our government funding in place."
Originally posted by Misoir
• Slash $42 billion from the U.S. Department of Agriculture's food stamp program
About 40.5 million people, more than an eighth of the population, will get food stamps each month in the year that began Oct. 1, according to White House estimates. The figure is projected to rise to 43.3 million in 2011.
Originally posted by Misoir
• Roll back federal spending to 2008 levels
Originally posted by Blackmarketeer
Just cut the #$*@ defense budget already. They're building another 8 billion dollar base we don't need. Cut the corporate welfare to Lockheed Martin and Boeing and DynCorp and every other greedy defense contractor. You could cut Welfare in half just by eliminating the price gouging by HMOs and hospitals and all the fraud.
Paul said the proposal, which also would cut $16 billion for the wars in Afghanistan and Iraq, would roll back federal spending to 2008 levels and eliminate what he considers the most wasteful programs.
President Barack Obama today sent to Congress a proposed defense budget of $708 billion for fiscal 2011. The budget request for the Department of Defense (DoD) includes $549 billion in discretionary budget authority to fund base defense programs and $159 billion to support overseas contingency operations (OCO), primarily in Afghanistan and Iraq. This proposal continues the reform agenda established in last year's DoD budget request and builds on the initiatives identified by the 2010 Quadrennial Defense Review (QDR) and 2010 Ballistic Missile Defense Review (BMDR).
Also accompanying the 2011 budget proposal is a fiscal 2010 supplemental request of $33 billion to support the added costs of the President's new strategy in Afghanistan and strengthen U.S. force levels with approximately 30,000 additional troops.
Current-dollar GDP -- the market value of the nation's output of goods and services increased 4.6 percent, or $166.4 billion, in the third quarter to a level of $14,745.1 billion. In the second quarter, current-dollar GDP increased 3.7 percent, or $132.3 billion.