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AP: Deal Only Cut 2011 Budget By $352M

From a chortling Associated Press:

Budget pact barely touches current-year deficit

By Andrew Taylor, Associated Press
April 13, 2011

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.

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.

So the AP just wants to make this deal look as bad as possible. If these cuts will really cut $315 billion dollars from the government over the coming decade, who really cares how much they cut in the next six months.

The AP’s motivation may be tipped off by the photo they chose to include with this article (see above).

Still, the analysis is an early lesson about Washington budgeting for junior lawmakers elected last year on promises to swiftly attack the deficit.

Again, it is clear what the AP (and the CBO) are up to here.

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.

Every time we hear a new projection it is even larger.

The CBO study confirms that the measure trims $38 billion in new spending authority relative to current levels, but many of the cuts come in slow-spending accounts like water-and-sewer grants that don’t have an immediate deficit impact

Still, the measure halts and begins to reverse large increases for domestic agency operating budgets that have been awarded during Obama’s first two years in office.

"With this bill we not only are arresting that growth but we are reducing actual discretionary spending by a record amount, nearly $40 billion in actual cuts in spending that has not ever been accomplished by this body in its history, in the history of the country," said House Appropriations Committee Chairman Harold Rogers, R-Ky. "The cuts in this bill exceed anything ever passed by the House."

And that is undoubtedly the sad truth.

Many Republicans say they wish the measure would cut more but that the cuts negotiated by Boehner are about as good as can be expected giver that Democrats hold the Senate and the White House. In his February budget, Obama pressed a freeze on domestic agency accounts.

That is, Mr. Obama froze in his runaway budget, his bloated government. And the news media cheered.

"We continue to push this president to places he never said he would go," said House GOP Whip Kevin McCarthy of California.

"The president said he would freeze spending. Our Speaker negotiated, outnumbered 3-1," he said, referring to Boehner’s negotiations alone in the oval office with Obama, Vice President Joe Biden and Senate Majority Leader Harry Reid. "We have cut spending."

Of course the AP included this for irony. But it is undeniable that they have made cuts. And cuts that will save hundreds of billions of taxpayer dollars.

And it is clear that the AP simply can’t stand it. Which is why they want to make a mockery of even this modest, first attempt.

This article was posted by Steve on Wednesday, April 13th, 2011. Comments are currently closed.

5 Responses to “AP: Deal Only Cut 2011 Budget By $352M”

  1. wirenut says:

    When are we going to quit “Dancing With The Scars”, and start cutting to the bone? This debt will hang us all. The good, The bad, and the libtards. I fear for this nations future. Our whole existence is at stake. Can anybody in D.C. Hear me! Seldom does the parasite seek keeping it’s host alive. God help us all, and stock up.

  2. Papa Louie says:

    “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”

    If you take the $352 Million in savings and adjust it for inflation over the next hundred years or so, you’ll come up with $38 Billion. So they didn’t lie to us, they were just putting the best possible political spin on it. /sarc

    If the CBO says the budget deal will only reduce federal outlays by $352 million below 2010 spending rates, then you can bet that it won’t save a dollar more than that. In fact I am almost certain that the federal government will end up spending more in 2011 than it did in 2010. Does anyone really believe that federal expenditures will end up being less in 2011 under this administration?

    We are just now finding out about the billions in slush fund money that was hidden in ObamaCare. Much of it has already been given out to unions and to evil rich corporations like GE and AT&T to offset the costs of ObamaCare. (And I thought Democrats hated big business and wanted to tax them more. Who knew they were really for giving them bigger subsidies?) I doubt all the hidden expenditures from last years Democrats have even been discovered yet, let alone added in to the budget total for 2011.

    • Mithrandir says:

      Yeah, it’s around 1%, which is a start, now just repeat 99 more times!

      It is like someone saving $300 / year on a $30,000/year job, or NOT BUYING a cup of coffee every morning for 5 months. ~Oh the humanity!

  3. Mithrandir says:

    Another SCAM but we should be used to this by now.

    Scam #1: They steal your money, then make an impossible tax system, for you to be able to steal it back, and YOU go to jail if you make a mistake. ~SCAM!

    Scam #2: Oil is tax power, and they will NEVER give that up, but will speak on both sides of …their mouth about oil (providing jobs, helping economy) and pollution (protecting you from yourself). ~SCAM!

    Scam #3: Lifetime appointments of judges, they rule us like the old fiefdom system. ~SCAM!

    Scam #4: You pay for ALL of the people to prosecute you through tax dollars, but YOU have to pay for you own defense out of your own savings. ~SCAM!

    Scam #5: The GOVERNMENT PARTY are just like family law lawyers, they run up the bill, think of ways to satisfy both of their constituents, and then party together at the country club, never losing a pay check. (see above article for the example) ~SCAM!

    Scam #6: Social Security is a PONZI scheme that will run out of money. ~SCAM!

    Scam #7: Taxes collected from EVERYONE to pay public unions, who pay union fat-cats, who give money to Democrats to increase the size of the union, and increase the tax revenue. ~SCAM!

    Scam #8: VIOLATING YOUR RIGHTS. Who sits in jail for whittling away your Constitutional rights by way of law, policy, or mandate? –NO ONE! That is why they can get away with it. ~SCAM!

    Scam #9: Republicans / Democrats get a little light in their re-election funds? Well, threaten to take away a right, both of their coffers FILL UP with re-election money almost overnight! The bill is dropped, the money is kept, both people are happy, and are in safe districts anyway. ~SCAM!

    Scam #10: GETTING YOU TO “YES.” The public should pay for every mile they drive. (Public says, “no way!”) How about BILLIONAIRES paying for every mile? (public says, “yes”) —In 1 year, the politician-salesman, whittles it down to millionaires, next year triple digit income earners….in 5~10 years, everyone is taxed extra for every mile they drive. —Find out where the “yes” is, then work your way down from there. ~SCAM!

  4. wirenut says:

    Nice pick, Papa Louie! All so we can have a “Hall Moniter” in every aspect of our lives. Sit down, shut up and keep paying your taxes. Priceless!

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