Budget tricks helped Obama save programs from cuts (spending cuts exaggerated)

YahooNews ^

[quesney]

WASHINGTON – The historic $38 billion in budget cuts resulting from at-times hostile bargaining between Congress and the Obama White House were accomplished in large part by pruning money left over from previous years, using accounting sleight of hand and going after programs President Barack Obama had targeted anyway.

Such moves permitted Obama to save favorite programs — Pell grants for poor college students, health research and "Race to the Top" aid for public schools, among others — from Republican knives, according to new details of the legislation released Tuesday morning.

And big holes in foreign aid and Environmental Protection Agency accounts were patched in large part. Republicans also gave up politically treacherous cuts to the Agriculture Department's food inspection program.

The details of the agreement reached late Friday night just ahead of a deadline for a partial government shutdown reveal a lot of one-time savings and cuts that officially "score" as cuts to pay for spending elsewhere, but often have little to no actual impact on the deficit.

As a result of the legerdemain, Obama was able to reverse many of the cuts passed by House Republicans in February when the chamber approved a bill slashing this year's budget by more than $60 billion.

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[Drill Thrawl]

It's very simple really but so many do not get it.

Stop spending money we don't have.

[yup2394871293]

CBO: Budget deal cuts this fiscal year’s deficit by just $353 million, not $38 billion touted

This isn't just exaggeration. It's a big slap in the face to the people who put these Republicans in office. And I hold the gutless Republican leadership responsible for this sham.

[Rapscallion]

Obama showed his “con man” side. He has no intention to stop spending no matter what. He intends to increase taxes as much as he can within the law because congress will not increase the tax rate itself.