First YouCut Winner Would Save $2.5 billion

Last week we wrote about the introduction of YouCut, a project designed to allow people to vote on spending cuts they would like to see Congress enact. The YouCut site reports that 280,000 took this spending challenge and voted. The first winning cut -- of the New Non-Reformed Welfare Program -- would achieve $2.5 billion in savings.

If you missed voting last time, you can vote this time around. This week's candidates include:

• Byrd Honors Scholarships, $420 million in savings over 10 years
  
• Eliminate the Proposed Federal Employee Pay Raise, $30 billion in savings over 10 years
  
• Suspend Federal Land Purchases, $2.66 billion in savings over 10 years
  
• Terminate Funding for UNESCO, $810 million in savings over 10 years
  
• Eliminate Mohair Subsidies, $10 million in savings over 10 years
  

Be sure to vote, and also submit your ideas for cuts. Additionally, check out our new budget simulator and pick and choose what you would like to see go (or stay) as you try to stabilize the debt.