Wednesday, August 03, 2011

No Limit?


I think I might agree with CommieTommie Harkin on something, but for different reasons.

Harkin explains why he voted against plan to increase debt limit

Harkin stated -- “This deal was not about reducing the deficit...".

It appears he's correct, per Rush Limbaugh -- $2 Trillion in reductions off a nearly $10 Trillion, 10 year debts is still more than $7 Trillion in debt.

In the Los Angeles Times -- In the government's 2012 fiscal year, the cut would be $21 billion, or less than 1% of a nearly $3.7-trillion federal budget, according to the Congressional Budget Office.

Looks like the old governmental game of getting less of an increase in the budget, than what we wanted, is a cut. Even though it's more than the previous budget.

And the scientific community is united in that fact.

Senator Tom Coburn (R-OK) notes -- this agreement does not cut any spending over 10 years. In fact, it increases discretionary spending by $830 billion.

0 Comments:

Post a Comment

<< Home