The whole thing was a snake and rat show to begin with.
<http://scottystarnes.wordpress.com/author/scottystarnes/> CBO: Budget
Deal only cuts the deficits by $352 Million, not $38 Billion as
proclaimed<http://scottystarnes.wordpress.com/2011/04/13/cbo-budget-deal-only-cuts-the-deficits-by-352-million-not-38-billion-as-proclaimed/>
*Scotty Starnes
<http://scottystarnes.wordpress.com/author/scottystarnes/>*| April 13,
2011 at 8:03 PM | Categories: Political
Issues <http://scottystarnes.wordpress.com/?cat=35145> | URL:
http://wp.me/pvnFC-52o
The President, and the entire Congress, lied to America.
WASHINGTON<http://www.washingtonpost.com/business/cbo-budget-deal-cuts-this-fiscal-years-deficit-by-just-353-million-not-38-billion-touted/2011/04/13/AFFJnkWD_story.html>—
A new budget estimate released Wednesday shows that
*the spending bill negotiated between President Barack Obama and House
Speaker John Boehner would produce less than 1 percent of the $38 billion in
promised savings by the end of this budget year*.
The Congressional Budget Office estimate shows that *compared with current
spending rates the spending bill due for a House vote Thursday would cut
federal outlays from non-war accounts by just $352 million through Sept. 30*.
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.
To a fair degree, the lack of immediate budget-cutting punch is because the
budget year is more than half over and that cuts in new spending authority
typically are slow to register on deficit tallies. And Republicans promise
that when fully implemented and repeated year after year, the cuts in the
measure would reduce the deficit by $315 billion over the coming decade.
Still, the analysis is an early lesson about Washington budgeting for junior
lawmakers elected last year on promises to swiftly attack the deficit.
No mention that the Democrats who controlled both the House and Senate
failed to do their job and pass a budget. It goes against WaPo's narrative.
The House began preliminary debate on the measure Wednesday with it easily
advancing over a procedural hurdle by a 241-179 vote. The measure appears on
track to pass the House and Senate this week before a stopgap spending
measure expires Friday at midnight despite opposition from some of the GOP’s
most ardent budget cutters.
*The budget deficit is projected at $1.6 trillion this year*.
Continue
reading>>><http://www.washingtonpost.com/business/cbo-budget-deal-cuts-this-fiscal-years-deficit-by-just-353-million-not-38-billion-touted/2011/04/13/AFFJnkWD_story.html>
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