"CBO Says Budget Deal Will Cut Spending by Only $352 Million."
A Congressional Budget Office analysis of the fiscal 2011 spending deal that Congress will vote on Thursday concludes that it would cut spending this year by less than one-one hundredth of what both Republicans or Democrats have claimed.
A comparison prepared by the CBO shows that the omnibus spending bill, advertised as containing some $38.5 billion in cuts, will only reduce federal outlays by $352 million below 2010 spending rates. The nonpartisan budget agency also projects that total outlays are actually some $3.3 billion more than in 2010, if emergency spending is included in the total.
The astonishing result, according to CBO, is the result of several factors: increases in spending included in the deal, especially at the Defense Department; decisions to draw over half of the savings from recissions, cuts to reserve funds, and mandatory-spending programs; and writing off cuts from funding that might never have been spent.
Anyone who votes for this bill needs to be Tarred and Feathered on sight.
The cow's only got so much milk and just because you're a Marxist milker doesn't mean she's going to produce more. But since the cow's a "producer" the milker will no doubt confiscate most of her food and expect her to produce even more.
Don't you just love fraud, deception and betrayal?
Hey, look at the bright side---they're only spending money. They could've done something really serious, like using up all the toilet paper!
I don't pay attention to anything the CBO puts out.
Guess the Tea Party is over then?
No the tea party isn't over, it just means we have to put the war paint back on and sharpen those tommyhawks!
"Guess the Tea Party is over then?"
Yep. We now procede to the barroom brawl scenario.
Smoke and Mirrors.
But they keep confiscating/stealing significant portions of my income. If I thought I could get away with it financially, I would just quit working...
Has it become time to mix it up? The blokes in DC just don't seem to get it. Stop the spending madness, we ain't got any more for you to steal.
Friggin' CBO is another FatGov agency that has been 100% corrupted....if this is $300m figure is not correct the squishy Repubs better get some spines and publish a refutation!
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