CBO Debunks Republican Budget Cuts

[Trench]

From the Washington Post:

http://www.washingtonpost.com/busin...billion-touted/2011/04/13/AFFJnkWD_story.html

CBO: Budget deal cuts this fiscal year?s deficit by just $352 million, not $38 billion touted

By Associated Press, Wednesday, April 13, 12:40 PM

WASHINGTON ? 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.

 

[The Sponge]

From the Washington Post:

http://www.washingtonpost.com/busin...billion-touted/2011/04/13/AFFJnkWD_story.html

CBO: Budget deal cuts this fiscal year?s deficit by just $352 million, not $38 billion touted

By Associated Press, Wednesday, April 13, 12:40 PM

WASHINGTON ? 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.

Atta boy righties. Keep on taking from programs to quench the thirst of those defense contractors. This is why a shady guy named Cheney said deficits are good. What he meant is as long as u have deficits u can take from the people but still fund his pet projects.

 

[Trench]

Atta boy righties. Keep on taking from programs to quench the thirst of those defense contractors. This is why a shady guy named Cheney said deficits are good. What he meant is as long as u have deficits u can take from the people but still fund his pet projects.

Exactly Sponge.

Cut $8 billion in domestic spending, claim that you've saved the country from financial ruin, and increase defense spending by the same $8 billion.

It's all a shell game to them and it reveals the level of contempt they have for the American people.

 

[The Sponge]

Exactly Sponge.

Cut $8 billion in domestic spending, claim that you've saved the country from financial ruin, and increase defense spending by the same $8 billion.

It's all a shell game to them and it reveals the level of contempt they have for the American people.

i always love how the money to get the country back on its feet never comes from where the money went. Seems like a simple solution to fix a mess. Go get the money back that created the mess. U never have to fix it this way when u have a nation full of suckers. Is there any chance u think u can get DTB to agree on cutting defense at least a quarter?

 

[Duff Miver]

i always love how the money to get the country back on its feet never comes from where the money went. Seems like a simple solution to fix a mess. Go get the money back that created the mess. U never have to fix it this way when u have a nation full of suckers. Is there any chance u think u can get DTB to agree on cutting defense at least a quarter?

Give doggie a nickel off his taxes, he'll go for anything.

 

[Chadman]

Don't forget, they had this all figured out during the Bush years - unlimited spending on the wars that never was a part of their budgets - makes it a helluva lot easier to not increase debt because of that part of your checklist.

 

[The Sponge]

Don't forget, they had this all figured out during the Bush years - unlimited spending on the wars that never was a part of their budgets - makes it a helluva lot easier to not increase debt because of that part of your checklist.

Do you think Obama remembers this? If not could someone remind him.

 

[Duff Miver]

Paul Ryan has much in common with Jon Kyl. who claimed that Planned Parenthood spends 90% of it's budget on abortion. When faced with the truth, that PP spends 3%, he said that his statement was not intended to be factual.

Paul Ryan's budget claims apparently aren't intended to be factual either. It must be a faith-based budget.:mj07: :mj07: :mj07: :mj07: