The Obama administration officially releases its fiscal year 2012 budget today, but the fate of government funding for the remainder of the 2011 fiscal year (which ends in October) is still up in the air. The House Appropriations committee last week released its initial plan to finish the fiscal year, which involved about $30 billion in cuts.
However, more conservative Republicans revolted, and House Appropriations Committee Chairman Hal Rogers (R-KY) was forced to go back to the drawing board for more cuts. His new product would cut about $60 billion relative to the 2010 baseline (under which the government is currently operating), or about $100 billion compared to President Obama's fiscal 2011 budget request (which was never enacted).
The GOP's proposal includes a slew of cuts to important programs, agencies, and investments, and would be detrimental to job creation, education, and scientific research. But they also specifically zero out many programs, cutting their funding entirely, including:
– High speed rail investments ($5 billion)
– COPS Hiring (supporting local law enforcement) ($298 million)
– High School Graduation Initiative ($50 million)
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