A cut of $650 billion over 5 years or $130 billion a year would equal a net cut in spending. Not to mention the downsizing of three agencies.
Anyways, it's the best thing I have seen come from someone in congress in years. It's better then the dribs and drabs and half measures they have been putting out.
The last time spending growth was held to those levels was under the Clinton administration. The current government adds almost as much off budget to spending than will be saved with these supposed cuts, and these cuts will not eliminate the deficit. It's great to say you'll cut the budget but the devil is in the details. I'll wait until I see them.