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 Republican "historic Spending Cuts" actually increased the budget by 3 Billion!

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Artie60438

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PostSubject: Republican "historic Spending Cuts" actually increased the budget by 3 Billion!   5/16/2011, 6:05 pm

CBO Data HERE

OOPS! Historic 'Spending Cut' Bill Increased Spending By $3 Billion
Quote :
It turns out the six-month spending bill Congress passed in March increased discretionary outlays through the remainder of the fiscal year by a bit over $3 billion. In other words, total direct spending will be higher by the end of September than if Congress had just set spending on autopilot for the remainder of the fiscal year back in April.

"Total discretionary outlays in 2011 will be $3.2 billion higher as a result of the legislation, CBO estimates--an increase of $7.5 billion for defense programs, partially offset by a net reduction of $4.4 billion in other spending," reads a just-released report from the Congressional Budget Office -- Congress' non-partisan scorekeeper. Analysts there conclude that increase is due in large part to the fact that the six month spending bill shifted defense spending to more immediate activities, which means the bills will come due sooner than later.
Stay tuned for the civil war! Very Happy
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