CBO: Budget deal cuts $352 million from deficit

[Carmen813]

http://news.yahoo.com/s/yblog_exclu...5b-budget-deal-will-only-cut-spending-by-352m

Yes million. I hope everyone is happy about the ~$1.25 less they owe towards the national debt.

Kind of makes me laugh after all the hullabaloo last week.

 

[Doc Savage Fan]

http://news.yahoo.com/s/yblog_exclu...5b-budget-deal-will-only-cut-spending-by-352m

Yes million. I hope everyone is happy about the ~$1.25 less they owe towards the national debt.

Kind of makes me laugh after all the hullabaloo last week.

It's really not funny if you think about it for a little bit.

 

[EagleKeeper]

Many pols knew that this was a smoke/mirrors type cuts. That is the only way it made it through

 

[Carmen813]

It's really not funny if you think about it for a little bit.

Well, let me say I'd rather laugh then cry.

 

[fskimospy]

The cuts were primarily culture war items that attacked important programs while insignificantly reducing the debt.

Why wouldn't people be happy that they turned out to be bullshit?

 

[Carmen813]

The cuts were primarily culture war items that attacked important programs while insignificantly reducing the debt.

Why wouldn't people be happy that they turned out to be bullshit?

Pretty much. I honestly think so long as these two parties remain so entrenched in their ideology it will never get better.

 

[Genx87]

Sounds like this is 325 million less than the 2010 budget. How much were these programs to increase in spending that got cut? The way I am reading this article is they cut spending by a small amount compared to the 2010 budget. But how much did it cut from the proposed 2011 budget?

 

[PokerGuy]

We're all screwed as long as we don't hold their feet to fire and force actual spending cuts.

 

[bfdd]

Why do we still listen to the CBO? Have they been right once in the past few years?

 

[Throckmorton]

Well health reform had to be discussed with a 10 year cost. How about we look at the 100 year savings. That's $35,200 million, $35.2 billion in America numbers. Wow, look how much that is!!

 

[fskimospy]

Well health reform had to be discussed with a 10 year cost. How about we look at the 100 year savings. That's $35,200 million, $35.2 billion in America numbers. Wow, look how much that is!!

All government bills are generally discussed in terms of their 10 year cost, it's not unique to health care reform, this budget bill, or any other piece of legislation. Since year by year implementation costs can vary wildly, it's a much better way of doing things.

 

[Throckmorton]

All government bills are generally discussed in terms of their 10 year cost, it's not unique to health care reform, this budget bill, or any other piece of legislation. Since year by year implementation costs can vary wildly, it's a much better way of doing things.

Never heard anybody refer to the 10 year cost of the Iraq war.

 

[fskimospy]

Never heard anybody refer to the 10 year cost of the Iraq war.

The costs of domestic legislation are (generally) able to be reasonably well predicted. The costs of wars cannot be. (another good reason not to engage in them, eh!?)

While I'm sure there are other exceptions to the 10 year rule as well, the vast majority of federal spending bills are estimated by their 10 year cost, obviously unless they are one time items.

 

[Thump553]

They also don't consider how many millions were wasted preparing for the shutdown that didn't happen.

Pathetic.

 

[Hacp]

FUCK. CUT CUT CUT. We need to cut our budget by at least a couple of trillion before our economy starts recovering.

 

[Thump553]

FUCK. CUT CUT CUT. We need to cut our budget by at least a couple of trillion before our economy starts recovering.

So said Calvin Coolidge-and look how well it worked out then.

 

[werepossum]

So said Calvin Coolidge-and look how well it worked out then.

Just out of curiosity, how high do you guys think taxes should go? How big should government get to reach nirvana?

Come to think of it, perhaps it would be simpler for you to just list the things you think government should not control, regulate or subsidize.

 

[bamacre]

Just out of curiosity, how high do you guys think taxes should go? How big should government get to reach nirvana?

Come to think of it, perhaps it would be simpler for you to just list the things you think government should not control, regulate or subsidize.

Isn't it odd they're more demanding that Obama raise taxes rather than end these stupid wars?

 

[Generator]

I don't think there is a more egregious example of both parties betraying America. Congress is broken indefinitely.

 

[BoberFett]

Isn't it odd they're more demanding that Obama raise taxes rather than end these stupid wars?

It's not odd at all to those of us who understand that there is no real difference between Republicans and Democrats other than the color of the pom-poms.

 

[fskimospy]

I don't think there is a more egregious example of both parties betraying America. Congress is broken indefinitely.

Clearly the day the music died was when Congress went from cutting a meaningless amount from the budget to not cutting a meaningless amount from the budget.

 

[airdata]

How about they reclaim the 250 Billion they gave to the "Real Housewives of Wall Street ". That would be a good start.

 

[werepossum]

Isn't it odd they're more demanding that Obama raise taxes rather than end these stupid wars?

Very odd, but BoberFett has a point, both parties likes 'em some nation building and world shaping. The only real difference is that Republicans prefer some American interest be served, whereas Democrats prefer no American interest be served. However the results are almost always indistinguishable, with any perceivable American advantage being matched with an offsetting disadvantage.

 

[Wreckem]

Very odd, but BoberFett has a point, both parties likes 'em some nation building and world shaping. The only real difference is that Republicans prefer some American interest be served, whereas Democrats prefer no American interest be served. However the results are almost always indistinguishable, with any perceivable American advantage being matched with an offsetting disadvantage.

It was for the budget ending Sept 30, 2011. Of course there wasn't much in cuts. They really should have just done a continuing resolution for the rest of the year and avoided all the political shenanigans.

The budget for the next fiscal year will be extremely contentious because there are real cuts proposed.

 

[werepossum]

It was for the budget ending Sept 30, 2011. Of course there wasn't much in cuts. They really should have just done a continuing resolution for the rest of the year and avoided all the political shenanigans.

The budget for the next fiscal year will be extremely contentious because there are real cuts proposed.

That the Republicans are crafting the FY2011 is BECAUSE of political shenanigans, and I for one am glad they managed to cut a few billion here and there. You're certainly right about the FY2012 budget though.

I'm not sure where the Democrats go from here. The minuscule cuts implemented in 2011 have been described as killing babies and starving women and children. What's left to claim? The only thing I can imagine is to claim the Ryan budget actually travels back in time and kills baby Jesus in the manger, but since Democrats don't actually believe in Him . . .

Maybe something with puppies and gasoline . . .