And now we find out it isn't even $38 billion.
I fully expect that once everything is examined we'll find that the "spending cuts" actually increased spending.
Posted on 04/14/2011 9:21:15 AM PDT by tobyhill
The $38 billion in budget cuts touted by Republicans over the weekend might end up being less. A lot less.
According to a Congressional Budget Office estimate, the hard-fought budget deal funding the government for the rest of the year saves only $352 million from non-war accounts this year. The new figure has rankled conservative lawmakers who thought they had extracted a fair amount of concessions out of the other side of the aisle. It wasn't the $61 billion in cuts they had originally sought, but House Speaker John Boehner and his deputies insisted $38 billion in cuts was the best deal they could get, with the White House and Senate Majority Leader Harry Reid on the other side of the negotiating table.
But the CBO analysis showed the savings mostly won't materialize this year, potentially spelling trouble for the deal as it approaches a floor vote Thursday, though Boehner insists it'll pass.
About $8 billion in immediate cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending. When war funding is factored in the legislation would actually increase total federal outlays by $3.3 billion relative to current levels.
(Excerpt) Read more at foxnews.com ...
VOTE NO~! AND SHUT THE GOVT DOWN~!
JUST TELL THE PEOPLE THE DEMOCRAPS LIED TO THEM *AGAIN*
The spending decreases in this “budget” are a joke.
Republicans should refuse to vote to increase either the debt limit or any tax increases.
Let the dims bring their spending in line with the money they have.
Once again, for about the millionth time, we’ve been lied to.
At some point a revolution will take place, but it may come too late to save us.
Shocking!
Who could have guessed it?
You're not going to have a revolution when even many FReepers think that Crybaby negotiated a good deal. I think the truth is becoming just too hard to bear and people will accept almost any lie that makes things look rosier.
LOOK FOLKS.
In the 8 days of debate leading up to the vote (longer now since it hasn’t happened) the debt grew by 54 billion, and they’re debating a 34 billion dollar cut? So they didn’t even stave off heading over the cliff by a freakin’ week. Think about it.
And now we find out it isn't even $38 billion.
I fully expect that once everything is examined we'll find that the "spending cuts" actually increased spending.
What a damn bad joke.... Shows how much we can trust political rhetoric.
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