CBO scores Boehner’s new bill: $22 billion in savings this year, $917 billion over 10 years

Hotair ^ | July27,2011 | Allahpundit

[PieterCasparzen]

$22 Billion? What’s that, 3 weeks of borrowing?

Well PogySailor, 22B is what we borrow in five days.

Somewhere around 0.57% of annual spending. A Washington, DC rounding error.

[Cheetahcat]

That is the best he can do???Fire that crying Idiot NOW!

[mlocher]

I, for one, love this bill given the current situation. Frankly, I prefer BBA, but that is not going to happen.

The next best thing is to realize that this is part 1 of a 2 part process. Part 2 comes up during the election year. Obama's ratings are tanking because of his handling of this "crisis" and it would be great to see him have to deal with it again just before an election!

With this bill, we win something, plus it sets the foundation to get a president and a congress that will actually solve the problem.

[Georgia Girl 2]

So in reality the GOP is willing to increase the debt ceiling by $1.1 trillion in return for $22 billion in cuts. Wa all know the other $910 billion will never happen.
I know I’m pumped.

[Praxeologue]

give him less that what's budgeted even if slightly

OK, just as long as it gets by Harry Reid's crew.

[woofie]

Nothing to do but take the WH and the Senate and even then the fight will go on

[ballplayer]

Yeah and Over those ten years the Budget automatically grows by 7.5% each year ,there are no Cuts !

[Lysandru]

What late date?

Since when is obamas birthday a drop dead date for american default

What I am referring to is how late in the Fiscal Year we are. FY2011 ends at the end of September. This means that we only have 2 months left effective. With a deficit of $1,650 Billion, this means that the average defict for the last 2 months is $275 Billion. So $22 Billion is a nice cut once you consider that the government is committing money to its contractors right now.