Monday, May 16, 2011

CBO: Budget Deal that was Hyped as Biggest Domestic Budget Cut in U.S. Hsitory Will Actually Increase Budget

The Congressional Budget Office is out with its analysis of the recently approved budget deal. The analysis shows that the deal will actually result in increased spending of $3 billion in the near term.

All supposed reductions come in outlier years--and we all know about outlier years. And those reductions are only $122 billion over a 10 year period.

No comments:

Post a Comment