“..Romney’s campaign has insisted that they can trim federal spending enough to achieve fiscal balance – but in the Fortune interview – the items Romney pinpointed appeared to be low-hanging fruit.
Romney identified subsidies for Amtrak, PBS, the National Endowment for the Arts and the National Endowment for the Humanities as things he would eliminate.
The government spends $444 million a year on the Corporation for Public Broadcasting (the parent organization of PBS); -
- Amtrak received $1.56 billion in federal funding in 2010, with $1.3 billion in stimulus funds;-
- while the National Endowment of the Arts lists the current level of federal funding at approximately $146 million.
Romney said he would block grant Medicaid and send programs like housing vouchers and food stamps back to the states.
This, he argued, would save the federal government “approximately $100 billion a year within four years” (the House GOP budget claims to save $771 billion over 10 years).
It would also mean dramatic cuts to each of these programs – as states are already dealing with major budget shortfalls…”
(cont..)
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Mitt Romney: Slash Amtrak, PBS Funding, But Defense Cuts And Middle Class Tax Cuts Off The Table.
