Posted on 03/18/2011 7:58:35 AM PDT by Slyscribe
The two sides are roughly $50 billion apart in funding levels for the current fiscal year — equal to 11% of the full-year nonsecurity discretionary budget.
But with the fiscal year nearly half over, Republicans are seeking to cut that part of the budget by more than 23% through year-end. Senate Democrats proposed cuts of a bit less than 5%.
The GOP plan would cut full-year 2011 nonsecurity discretionary spending to just below 2009 levels — not fully reversing the 23% spike of the prior two years.
But spending in the back half of the year would fall to roughly 2006 levels — $353 billion annualized.
(Excerpt) Read more at investors.com ...
The Pubbies better get a big handle on this problem soon.
This budget should be cut by a few hundred billion dollars; and next year’s should be hacked to pieces.
Time is out. The game is over.
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