Friday, April 15, 2011

Budget deal: CBO analysis shows initial spending cuts less than expected

The original article can be found Here

Today's article was found from the Washington Post and has to do with the budget that is going to get signed by the President as soon as Friday.  The budget only plans on cutting $38 billion dollars, which is about half as much as the budget that the Republicans came up with.  In fact, analysts found that $13 to $18 billion of this $38 billion only exists on paper and only about $352 million will be cut out of this fiscal year.

Frankly I'm not ecstatic about it, but something needed to be agreed upon, and in a hurry.  Though I would definitely prefer more, maybe something like what the other party had in mind, with nearly $60 billion in cuts, an agreement on SOMETHING is better than a Government shutdown and more gridlock and pointless debates.

What do you think?

13 comments:

  1. I wanted to make some intelligent statement on the issue, but then I said 'fxck ut'. I have to faith in any politician anymore..

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  2. They need to cut STUPID spending. They buy $700 hammers, $1500 office chairs which they throw out and get new ones every year.

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  3. It's time to cut back on superfluous spending across all government areas, that's the only way to cut back on the deficit.

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  4. Stop. Spending. My. Money... that is all.

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  5. I wonder what a million dollars looks like

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  6. i think you have all reason, BTW great blog

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  7. the only thing there cutting is pay from the city and state workers

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  8. The budget deal was stupid, it should have something more effective, it was only a hold off. We'll be in trouble again soon enough.

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  9. This is a hard reality. You know a man when you give him power.

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  10. I don't think this is going to seriously improve the situation...

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  11. Don't think this is going to help much

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