Posted on 05/17/2011 4:49:35 AM PDT by tobyhill
The 2011 budget deal that averted a government shutdown will in fact increase government spending by $3.2 billion over the rest of the fiscal year, the Congressional Budget Office said Monday.
When negotiators hashed out the spending deal last month, it was said to reduce spending by $38.5 billion this year. In all, the nonpartisan CBO projects that the measure will reduce spending by $122 billion over a decade.
The reason for the increase, CBO says, is that defense spending will rise by $7.5 billion over the rest of the fiscal year, which ends at the close of September. The military spending increase comes in part because some funding was sped up.
(Excerpt) Read more at thehill.com ...
That’s ok, the increase if funding the Empire.
The GOP is flopping big time.
Bring out the tea as the GOP is the toast.
the tea is for the harbor.
Tories go overboard.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.