House approves $7 billion in budget cuts

On Thursday, democrats approved a plan to cut $7 billion from President Obama's budget request. Obama has already proposed a freeze in non-security agency accounts for the budget year. "It demands that we live within our means, and works to eliminate waste and inefficiency in our spending," said House Speaker Nancy Pelosi." In fact, the Democratic plan requires just a little snip from the $1.1 trillion proposed by Obama for such accounts next year and would come after generous increases approved over the last two Democratic-dominated appropriations cycles. And it means that Democrats are putting off more difficult decisions involving rapidly growing benefit programs like Medicare. Democrats are instead leaving such choices to Obama's fiscal commission, which is supposed to report a long-term budget plan by December. There's no guarantee that the commission will succeed, however. Republicans blasted the move as an abdication of the core responsibilities of Congress – passing a budget plan that lays out a fiscal blueprint for the future.

"Facing a record deficit and a tidal wave of debt, House Democrats decided it was politically inconvenient to put forward a budget and account for their fiscal recklessness," said Rep. Paul Ryan of Wisconsin. "With no priorities and no restraints, the spending, taxing and borrowing will continue unchecked for the coming fiscal year."

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