House G.O.P. Sets New Offensive on Obama Goals

[UCmeNdc]

WASHINGTON — Congressional Republicans are moving to gut many of President Obama’s top priorities with the sharpest spending cuts in a generation and a new push to hold government financing hostage unless the president’s signature health care law is stripped of money this fall.



http://www.nytimes.com/2013/07/24/us/politics/house-gop-sets-new-offensive-on-obama-goals.html?nl=todaysheadlines&emc=edit_th_20130724&_r=0

[Kolesar]

1. Cut the budget for the financial regulators, of course

The Securities and Exchange Commission, which has been flexing its muscle against hedge fund managers and insider trading schemes, would see financing cut 18 percent from the current level. Though Mr. Obama will finally get a fully operational National Labor Relations Board under a Senate agreement that forced Republicans to drop their filibuster of his three board nominees, House lawmakers are slashing spending on the board’s operations.

Under other House legislation, the budget for the Internal Revenue Service would be cut by 24 percent, Amtrak would lose a third of its financing, and clean water grants from the Environmental Protection Agency would be slashed by 83 percent.

[Proud Liberal Dem]

2. Buckle up

It's going to be another bumpy ride- and just as we got our AAA credit rating back too.

[MrScorpio]

3. When you eventually explain to your grand kids when and how America...

Make sure to tell them that the Republicans did it.