Sens. John McCain, R-Ariz, and Tom Coburn, R-Okla., today filed amendments to the Iraq and Afghanistan war supplemental spending bills that seek to offset its costs by cutting spending elsewhere — and feds aren’t going to like what they’ve got in mind.
McCain and Coburn want to save about $2.6 billion by freezing federal employees’ raises, bonuses and other salary increases for one year. This comes on the heels of their House counterparts’ move to put federal raises on the chopping block as part of their YouCut program.
They also seek to eliminate non-essential government travel ($10 billion over 10 years), collect unpaid taxes from federal employees ($3 billion), dispose of unneeded government property ($15 billion), reduce government printing and publishing costs ($4.4 billion over 10 years), eliminate bonuses for poor-performing government contractors ($8 billion over 10 years), and auction off unused and unneeded government equipment ($250 million over 10 years).
All in all, McCain and Coburn say the proposed cuts would cover $120 billion in war spending costs, although it’s worth noting that $33 billion of those savings would come over 10 years. But is the tax thing really fertile ground for finding new money? The IRS already levies feds’ salaries to recover those funds under the Federal Payment Levy Program, and apparently there’s a good bit of turnover on the list, which suggests tax-delinquent feds do eventually pay off their debts.
So feds, what do you think? Sound off below, or shoot me an e-mail at email@example.com.