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Budget Deal Doesn’t Cut Spending
The Cato Institute ^ | Aug 1, 2011 | Chris Edwards

Posted on 08/01/2011 4:34:33 PM PDT by goodnesswins

House Speaker John Boehner’s bullet points on the deal say that it cuts discretionary spending by $917 billion over 10 years, as “certified by CBO.” These discretionary “cuts” appear to be the same as those in Boehner’s plan from last week. The chart shows CBO’s scoring of those spending cuts (see here and here).

(Excerpt) Read more at cato-at-liberty.org ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Crime/Corruption; Government; News/Current Events; Politics/Elections
KEYWORDS: 112th; annbarnhardt; backstabbers; bankrupt; cleanhouse; debt; debtceiling; debtdealcavein; elections; spending; travesty
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To: Jim Robinson

I bet the actual deficit for next year is closer to $4trillion especially as revenues will decline.


41 posted on 08/01/2011 5:28:22 PM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: Shady

I heard Paul Ryan is going to bring a bill before the house to mandate Zero Based Budgeting....we shall see...


42 posted on 08/01/2011 5:29:10 PM PDT by goodnesswins
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To: goodnesswins

Does anyone know if this budget factors in the huge cost that Zero Care is going to be?


43 posted on 08/01/2011 5:29:22 PM PDT by Protoss
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To: Protoss

HAHAHAHAHA.....are you kidding? (actually I do not know....but, somehow, I doubt it)


44 posted on 08/01/2011 5:31:29 PM PDT by goodnesswins
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To: rintense

Have you ever swim, swam, swum in the ocean after a life safer? With every stroke nearer you move the dang thing further. This is where we are probably, but IF we can convince and capture the middle, the Independents, we have one more chance but they need to be properly terrorized of any more Obama and the marxists in office. This is awfully tough since we have just ceded a campaign message to Obama and certain taxation to go with it via a committee “mob”.


45 posted on 08/01/2011 5:33:30 PM PDT by RitaOK (We hang together or will hang separately. 2012, or bust)
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To: goodnesswins

Now I want all the FReepers that pi$$ed and moaned about all the meanies that were being so rude about Boner the crybaby, to come on here and say they were wrong and apologize. I told you he was a weak sissy and I was right. When he played golf with the Marxist Kenyan homo usurper in the WH it was a done deal weeks ago. Maybe Obongo promised him a ride on his favorite tax payer paid for toy, AF1.


46 posted on 08/01/2011 5:35:01 PM PDT by mojitojoe ( 1400 years of existence & Islam has 2 main accomplishments, psychotic violence and goat curry)
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To: goodnesswins

Did anyone at this site actually believe that any proposal from those clowns would result in the numbers going down? Heck - a good start would be to just keep the growth at the rate of inflation. And that is exactly what they did. If you do the math those numbers go up about 2% per year.

To get real cuts we will need the Senate to pass it and a veto-proof margin to go around a fascist President. That’s what we need to work towards in 2012. I doubt we will get any relief before then. We are basically holding at the status quo.


47 posted on 08/01/2011 5:36:58 PM PDT by plain talk
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To: oldbrowser

And while we commend those conservatives and especially Freshmen conservatives and Tea Partiers who stood firm, I think we also need to show those Freshman Bad Brew Partiers who did not stand firm the door very quickly. Going. Going. Gone

We can not have those we offer our trust to caving into the corruption so easily without making it very clear that those who come afterwards with such promises better NEVER do the same.

TAKE A STAND AGAINST THOSE NEW BUT ALREADY-CORRUPTED INDIVIDUALS AND DO NOT LET THEM KEEP THEIR OFFICES!


48 posted on 08/01/2011 5:38:08 PM PDT by casinva (It was Obama who set the August 2 date to begin with. Since when did we start believing him?)
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To: reaganator

This has been my song for so long as the kenyanmugabe has been in office. The man is not incompetent. He is not a failure. He will end with the USA getting getting an implicit name change- USRA- United Socialist Republic of America. We were wabbling fitfully toward totalitarianism before the kenyan. Now the road is straight and short and the lugnuts are tight. The kenyanmugabe has been a huge success and will go down ion history as the most effective president ever in the history of the old USA.


49 posted on 08/01/2011 5:38:17 PM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: goodnesswins

Even if it does, which I doubt, the predicted costs of zero care are probably extremely underestimated.


50 posted on 08/01/2011 5:38:51 PM PDT by Protoss
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To: Protoss

Does anyone know if this budget factors in the huge cost that Zero Care is going to be?<<<<<<

Paul Ryan addressed that very issue this afternoon on CNN.
This bummner bill passed this afternoon doesn’t even address ObamaCare expenses. Doesn’t even touch it. Like it was air.


51 posted on 08/01/2011 5:39:08 PM PDT by RitaOK (We hang together or will hang separately. 2012, or bust)
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To: RitaOK
properly terrorized of any more Obama and the marxists in office.

By who? The idiotic republicans who voted for this bill already proved they're a collective bunch of squish. They handed the narrative to Obama, and they will get hammered come 2012.

What a shame we can now count on the GOP for shooting themselves in the foot. Obama played them like fools.

52 posted on 08/01/2011 5:39:12 PM PDT by rintense (God made me a conservative. FR made me a better one. :))
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To: ml/nj

It doesn’t cut spending. Even if it did, they wouldn’t cut it enough to eliminate deficit spending.


53 posted on 08/01/2011 5:42:32 PM PDT by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: rintense

By who? The idiotic republicans who voted for this bill....<<<<

No, not congress. They couldn’t handle the message! I’m thinking the candidates and their supporters better be Paul Ryan clones in expertly explaining the innards of policy and foreknoweldge of what catastrophe looks like. He is nuts and bolts and people gey it. The candidates need to bone up and learn the math, or shut up and be prepared to lose.


54 posted on 08/01/2011 5:45:22 PM PDT by RitaOK (We hang together or will hang separately. 2012, or bust)
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To: Blood of Tyrants
It doesn’t cut spending. Even if it did, they wouldn’t cut it enough to eliminate deficit spending.

I know this. My question is really one to be presented to the unwashed.

ML/NJ

55 posted on 08/01/2011 5:47:15 PM PDT by ml/nj
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To: RitaOK

Didn’t Ryan vote for this mess?


56 posted on 08/01/2011 5:47:26 PM PDT by rintense (God made me a conservative. FR made me a better one. :))
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To: rintense

Does anyone have the predicted deficits for

2014
2016
2018
2020
2025
2030

Assuming it would be over 20 trillion by 2018


57 posted on 08/01/2011 5:50:26 PM PDT by silentknight
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To: goodnesswins
Exactly what I thought the "cuts" would be. Claim that a small decrease in the rate of spending increas is a "cut".

Trying to save their phoney baloney jobs.

58 posted on 08/01/2011 5:51:16 PM PDT by PogySailor (The ruling class will not go down easily. And neither will their paid hacks.)
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To: goodnesswins

You have been screwed by the slickest con-men on earth....the US Congress. A true criminal enterprise.


59 posted on 08/01/2011 5:53:30 PM PDT by Rapscallion (Impeach Obama now before he destroys the Republic)
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To: Rapscallion

Remember that Bin Laden was going to destroy the U.S. economy

One of his goals


60 posted on 08/01/2011 5:54:40 PM PDT by silentknight
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