Following upon that $700 billion tax cut for the richest Americans:
AP sources: Obama to propose cuts in heating aid
By DARLENE SUPERVILLE
The Associated Press
Thursday, February 10, 2011; 12:26 AM
WASHINGTON -- President Barack Obama wants to cut $2.5 billion from a $5 billion home heating aid program for the poor, two people familiar with his 2012 budget proposal said Wednesday, halving the popular fund as he looks for places to rein in federal spending.
The proposal would cut the Low-Income Home Energy Assistance Program to its 2008 level of about $2.5 billion.
The individuals, including a congressional aide who was briefed on the proposal, discussed the details on condition of anonymity because Obama's spending plan has not been issued. It was being released on Monday, and covers the budget year beginning Oct. 1.
Obama has said tough choices must be made about how to spend scarce federal dollars to rein in spending and reduce the budget deficit and the nation's mounting debt.
The screw tightens...