First they promised to cut $100 billion, then said what they really meant was that they’d hold out indefinitely for $60 billion, then they totally caved in to the Democrats, compromising on $38 billion, and in the end all we got was a lousy $352 million in cuts. What a gyp, shame on the spineless Republicans.
A federal budget compromise that was hailed as historic for proposing to cut about $38 billion would reduce federal spending by only $352 million this fiscal year, less than 1 percent of the bill’s advertised amount, according to the Congressional Budget Office.
Although that analysis dampened enthusiasm for the deal among many Republicans on Thursday, the House and the Senate approved the measure with bipartisan support. President Obama is expected to sign the bill Friday, officially ending the prospect of a government shutdown.
The findings from the budget office warned that the deal may never come close to delivering on its promises. The analysis found that $13 billion to $18 billion of the cuts involve money that existed only on paper and was unlikely to ever be tapped.
U.S. Budget Analysis Shows Smaller Savings
CBO Says Budget Deal Will Cut Spending by Only $352 Million This Year
Forget $38B: Budget only cuts $352 million this year
Deal Approved but Debate Continues Over Actual Extent of Spending Cuts
Budget cuts too small for many conservatives
Spending cuts fall short of $38 billion: CBO
How Washington Turned $38 Billion Into $352 Million
CBO: 2011 Budget Cuts Far Less Than Promised
Editorial: Washington’s $38 Bil In ‘Cuts’ Are Bogus
This is insane, the United States is $14 trillion in debt, the world bond markets could decide to cut up our national credit card at any given moment, the laws of mathematics dictate that the American economy will completely collapse by 2037, and these congressional buffoons spent the entire last month arguing over cutting $352 million?
The 2012 elections can’t come fast enough. We need to start with a new President and Republicans taking control of the Senate and keeping control of the House. It’s apparent that one party rule, with a party that’s serious about restoring fiscal sanity (and that ain’t the Democrats), is going to be required to stop this country from careening off the cliff of financial ruin.
/and, if that doesn’t work, we’ll have to get us some new Republicans starting in 2014
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