Posted on 03/08/2011 3:26:56 AM PST by Son House
This time, while Senate Democrats and the White House are touting another $6.5 billion in spending cuts in the midst of their fight with congressional Republicans over how best to reduce the deficit, CBO indicates in a 513-page report to Congress obtained by Fox that nearly $2 billion of that is emergency funding. That is - spending that is not included in the budget and, therefore, does not affect the deficit.
An aide to Senate Appropriations Committee Chairman Daniel Inouye, D-Hawaii, did not dispute the analysis of his boss' bill but merely pointed out that the goal of the chairman was to cut spending by $51 billion, when the President's current budget, which never passed Congress, is included as the base. But $41 billion of that was never enacted, so experts do not see that as a real cut. Current discretionary spending remains frozen at 2010 levels.
...But if you compare apples to apples, the Republicans have cut $61 billion; Democrats have now proposed cutting only $8.7 billion, when the CBO analysis is taken into account. Republicans did not appear to count emergency spending in their $61 billion measure, though it did contain such cuts, as well.
...And if the goal in all of this wrangling over short-term federal government funding is actually to reduce the deficit, then CBO says we must use the figure $4.7 billion, not $6.5 billion. If the goal is merely to cut spending, then the Democrats have done so. And if the goal is to drive reporters who cover Congress mad, then - mission accomplished.
(Excerpt) Read more at politics.blogs.foxnews.com ...
Senate Dems Cut Only $8.7 billion to House GOP’s $61 billion.
Both are an insult to our intelligence.
As noted on an earlier thread, that is about the amount of debt the US piled up in just over ONE DAY on average in February.
And I'm talking about both corrupt "major" parties.
If any of us handled our personal finances the way these idiots in DC handle the countries, we would all be in prison and have a credit score of SIX!!!
“both corrupt “major” parties”
You meant to say...”the Left and Right wings of the RinoCrat party”?....
Yeah. The two legs of the socialist beast.
Get back to me when we’ve cut the budget to the point where we’re spending less than we’re bringing in and we start paying the debt down. Until then, both major parties are betraying our country by chaining it in debt to our enemies. Our children and grandchildren will be slaves because both major parties are corrupt and stupid and their actions are destroying our nation.
If they would simply eliminate every program and agency that isn’t specifically part of their grant of constitutional authority, the budget would very quickly come under control.
They have bankrupted the treasury and put us all in an ocean of debt and are quibbling over bailing us out with a thimble or a teaspoon.
Shut it down.....shut down the government until Sanity returns on how to manage spending, and MONSTER CUTS in the government’s spending appear on the floor of congress.
A bunch of Kids need some adult DISCIPLINE !
Reps are trying to cure melanoma with Band-Aids PLUS iodine.
I'm so impressed.
Exactly right.
Couple this with Sebelius admitting double counting, and Michele Bachmans reveal of the true costs of Obamacare, and the handcuffs should be immediately put on Harry, Barry, and Nancy.
Where’s the probing 60 minutes reveal of all of this, or the perky one fretting over this sorcery...
No lets catch someone on what magazines they read, or peer over the top of our glasses.
That’s what really impacts America. sarc, sarc, sarc.
The media is complicit and in a just world would be punished along with their fellow marxists. But that isn't how it will work. We just have to work at replacing the media spokespersons at the same time we work to replace our governmental representatives.
We have a lot of work to do. :0/
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.