Made public Thursday, the Spending Reduction Act of 2011 is proposed by members of the conservative Republican Study Committee, which is chaired by Ohio Congressman Jim Jordan.
Rail travel would be slashed under the Spending Reduction Act. (Photo by Governing Magazine)
"The national debt has grown from $8.6 trillion four years ago to more than $14 trillion today," said Jordan. "This mountain of debt, nearly the size of our entire economy, threatens to create a whole new financial crisis."
"Every day we refuse to change course and instill some fiscal responsibility, the problem grows even larger," Jordan said. "Unless Washington acts soon to cut spending, massive tax hikes, economic stagnation, and national bankruptcy will rob our children of the opportunity to reach for the American Dream."
The Spending Reduction Act starts by taking current spending back to 2008 levels and repealing $45 billion in unspent funds from the American Recovery and Reinvestment Act of 2009, President Barack Obama's $787 billion economic stimulus law.
Under the proposal, at the beginning of the next fiscal year on October 1, 2011, spending would be further reduced to 2006 levels and frozen there for the next decade.
The bill specifically targets over 100 budget items and spending reform, 10 of them environmentally-related.
The environmental programs that would be cut if this proposal makes it through the legislative process and is signed into law by President Obama would save the government a little over $8 billion, according to savings estimates provided by the Republican Study Committee.
"From Afghanistan to Somalia to Darfur, control of natural resources drives many of the world's conflicts today," said Calvelli.
"Funds provided by USAID to help nations better manage those resources creates necessary stability," he said. "Their absence provides opportunities for illegal activities like the drug trade and the growth of terror networks, which operate easily in unmanaged wilderness areas."
Calvelli added, "Support from USAID has enabled global health experts to quickly respond to avian flu and other contagions threatening humans. ... Removing this pillar of diplomacy harms all Americans."
Founded in 1895 and based at the Bronx Zoo in New York, the WCS addresses what it calls "four of the biggest issues facing wildlife and wild places: climate change; natural resource exploitation; the connection between wildlife health and human health; and the sustainable development of human livelihoods."
Copyright Environment News Service (ENS) 2011. All rights reserved.