Budget: 200 Terminations

In each of the past two years, President Obama has proposed cutting or eliminating more than 120 federal programs. In his fiscal 2012 budget, he's upping the ante, with "terminations, reductions and savings." (That's a slightly odd bit of snytax there.)

Cuts highlighted by the administration:

• Suspending the extremely costly new year-round Pell Grant and eliminating the poorly targeted in-school interest subsidy for loans to graduate students to fully increase the maximum Pell award.
• Terminating the Marine Corps' Expeditionary Fighting Vehicle, the alternate engine for the Joint Strike Fighter, and the Surface Launched Advanced Medium Range Air-to-Air Missile program.
• Reducing funding for the Senior Community Service Employment Program and moving its function to the Administration on Aging to consolidate senior services and provide them more effectively.
• Cutting funding for the Teacher Quality Block Grant by close to $500 million and the Career and Technical Education (CTE) program by more than $280 million, shifting resources to initiatives more focused on results.
• Eliminating 13 discretionary Department of Education programs and consolidating 38 K-12 programs into 11 new programs that emphasize using competition to allocate funds, giving communities more choices around activities, and using rigorous evidence to fund what works.
• Reducing funding for the Community Development Block Grant by 7.5 percent or $300 million.
• Cutting the Community Services Block Grant program (CSBG) in half and transforming it from a formula-based program to a competitive grant program for Community Action Agencies. CSBG is a flexible anti-poverty program that has had weak oversight and accountability, and grant recipients have been virtually guaranteed funding for nearly 30 years.
• Reducing the Low Income Home Energy Assistance Program by $2.5 billion. This reduction returns the program to its 2008 level, which was before a spike in energy prices.
• Eliminating 12 tax breaks for oil, gas, and coal companies, closing loopholes to raise nearly $46 billion over the next decade.
• Reducing grants to large airports by $1.1 billion, targeting funds to small- and medium-sized airports, and giving large airports more flexibility to generate revenue on their own.
• Consolidating several Centers for Disease Control public health grant programs into one competitive one. This new approach will improve overall health outcomes while also strengthening accountability of Federal resources.
• Reducing the Department of Agriculture's single family housing direct loan program by 81 percent to $211 million and focusing efforts on the more effective single family housing loan guarantee program.
• Eliminating the Children's Hospital Graduate Medical Education Payment Program.
• Reducing funding for the Environmental Protection Agency's water infrastructure State Revolving Funds by $950 million and adjusting future year requests through 2016 with the goal of providing, on average, approximately 5 percent of total annual water infrastructure spending.
• Providing zero funding for new courthouse construction this fiscal year based on other priorities for the GSA capital budget.