After voting for Cap & Trade, The ‘Stimulus’ and ObamaCare, Gary Peters is now trying to close the budget gap. Via the Freep:

Peters, a Bloomfield Township Democrat, is chairing the four-man working group that met to come up with cuts and savings.

The other members include John Adler of New Jersey, Peter Welch of Vermont and Jim Himes of Connecticut.

Each is pushing his own proposal: Peters wants to eliminate tax loopholes for oil companies, get rid of duplicative and unnecessary federal research spending, halt expansion of the strategic petroleum reserve, end mandatory payments to states for abandoned mines and sell federally owned energy facilities to private utilities.

Peters’ office said those proposals could be worth nearly $4 billion this year and nearly $60 billion over 10 years.

The National Debt is $13.2 trillion. The Federal Government is running a $1.6 trillion budget deficit this year and Gary Peters identifies tax increases and small spending cuts that will reduce this years budget deficit by 0.25%.