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The proposal's goals include immediately canceling any unused funds from last year's $787 billion stimulus program, permanently extending the Bush tax cuts, repealing the new healthcare law, cutting $100 billion in discretionary spending, and freezing the size of the "nonsecurity" federal work force. It also calls to end government control of Fannie Mae and Freddie Mac.
The plan comes at a time when many Americans are questioning the economic policies put forth by the Obama administration. With the unemployment rate stuck near 10%, President Obama two weeks ago announced a new six-year infrastructure plan, which says will create a "substantial" number of jobs and improve the country's transportation system.