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View Full Version : Sheeple fleeced again, only 352 mil saved in 38 bil deal



Madisonian
04-14-2011, 07:29 AM
Link thingy (http://www.nationaljournal.com/budget/cbo-says-budget-deal-will-cut-spending-by-only-352-million-20110413?sms_ss=twitter&at_xt=4da65e00475b2a97,0)


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.



The last 2 times that these assholes screwed us, I kept hearing here and elsewhere things like "small steps" and "have to compromise" and the rest of the sheeple clap trap.

Good job Bonehead and the rest of the Republohypocrats. Where is my kiss?