I see nothing in that PDF specifically about FY 2012. This looks like an obama speech to me. All sizzle and no steak.
Yeah, it’s hard to really nail it down from that, but I think they’re trying to show the immediate cuts by quoting $500B in the next five years. Still bogus, of course.
Also, note all of the tax rates being quoted in ranges. (You just know that we’ll get the highest numbers.)
Also, how they like to quote the baseline change from Obama’s proposed monstrosity of a budget that got zero votes in the Senate.
From what Rand Paul said on Hannity this afternoon, the Gang of Six scheme has no legislative form and is so complicated one may not be available in time to meet the deadline.