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What could be cut from government spending?

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  • Description

    Group lays out potential cuts

  • Duration 2:29
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The White House is saying spending cuts will likely be included in a final fiscal cliff deal of course.

The devil is in the details that is what it is to be cut.

Correspondent Doug Kelly tells us there are -- to places to look.

While Democrats and Republicans were speaking over each other -- press conferences what we have to recognize.

It's -- spending in this out of control.

Now is time for the Republicans to move past this.

Happy talk about revenues.

-- defined a course.

And put specifics on the table.

The nonpartisan Citizens Against Government Waste had already laid out specifics.

Identifying 392 billion in spending cuts next year.

One point eight trillion in cuts over the next five years over ten years that's pretty close to the four trillion dollar figure that's being thrown around as the objective.

For these discussions on reducing.

The deficit under agriculture spending alone the government watchdog group discount 85 billion and -- fix it suggests limiting the Rural Utilities Service a legacy of the Roosevelt -- rural electrification administration.

Rural America is now electrified.

Killing that service could save 44 billion dollars over five years eliminate ethanol subsidies they calls farmers to grow corn for fuel not food.

Raising the price of food products around the world it would save thirty billion dollars over five years.

Eliminate sugar subsidies which double the price of sugar in the US that would save six million.

And eliminate dairy supports the government buys many milk products just to prop up prices adding that puts a five point seven billion.

So why hasn't congress already eliminated these kinds of programs.

They don't want to give up the power or the jurisdiction or the money.

And it's also a lot easier for members of congress to run back home and say.

I'm fixing this problem by spending money.

Some members buck that trend -- GAO report commissioned by Republican senators Jeff Sessions and Tom Coburn.

Mirrors that of Citizens Against Government Waste -- is optimistic about negotiations despite public posturing that suggests otherwise.

I think the fact that -- not hear any details.

It is good we're gonna solve this problem where the other we're gonna solve that eventually.

The markets are gonna solve -- force -- we've now.

Assuming -- deal is struck it will almost certainly contain spending cuts we just don't yet know which ones.

If the deal is struck without them it would be catastrophic to the house Republican leadership whose membership would be unlikely to vote for such a -- rep Doug thank you.

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