Picture du Jour: GOP’s dramatic proposed spending cuts By Prieur du Plessis, on January 22nd, 2011 posted in: Economy, US  The Republican Study Committee on Thursday released its bill on spending cuts, including trimming funding to AmeriCorps and Senior Corps, an end to union activities for Federal employees, and numerous other cuts. 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, as reported by Business Insider – Clusterstock. Although the bill is a long way from being passed, the fight for austerity is on. The chart below tells the story. 
Source: Business Insider – Clusterstock, January 21, 2010. Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail. | Don Coxe’s Weekly WebcastPodcast – Dow Jones One minute - every hour - weekdays
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