Trajan
conscientia mille testes
when harry and Mitch and John all clap each other on the back and congratulate on another as to how in end the we all came together etc etc...hold on to your wallet, I said it then and, well, here we are; 100 Billion became what again?
I heard a question asked on CNN no less, to wit; is [the] previous Continuing Resolution negotiation $ amounts equaling 10 Billion may be part of this too, meaning, 38 billion has now become 28 billion minus the slight of hand 'cuts" listed below.....even if that turns out to be false, this was a hose job, and Dirty Harrry Reid? He put the smack down, gotta hand it to him.
The Presidents 'budget' do over tomorrow will regurgitate deficit commission recommendations he never bought off on, but, I promise you, they will be lauded as the second coming; the new cooperative attitude as displayed by the GOP and Dems negotiation over cuts avoiding the shutdown will be used to peddle this fish as the Mediscare machine ala Ryans proposals has ramped up.
Spending Cut Hokum
GOP leaders hyped their budget savings.
snip-
After separating out the accounting gimmicks and one-year savings, the actual cuts look to be closer to $20 billion than to the $38 billion that both sides advertised.
Even $20 billion is worthwhile, and the genuine reductions include cuts in high-speed rail, Pell grants, highway projects, renewable energy programs, housing subsidies, low-income home energy assistance, agriculture programs, contributions to the United Nations, and many more. There is also an immediate across the board 0.2% reduction in all nondefense accounts.
snip-
But the continuing resolution also saves money on paper through phantom cuts. The whopper is declaring $6.2 billion in savings by not spending money left from the 2010 Census. Congress also cuts $4.9 billion from the Justice Department's Crime Victims Fund, but much of that money was tucked away in a reserve fund that wouldn't have been spent this year in any event.
The budgeteers claim $630 million in cuts from what are called "orphan earmarks," or construction that never started, and $2 billion more for transportation projects, some of which were likely to be canceled. The Associated Press reports that $350 million in savings comes from a 2009 program to pay dairy farmers to compensate for low milk prices. Milk prices are high this year, so some of that money also would never have been spent.
An estimated $17 billion comes from one-time savings in mandatory programs. The cuts are real, but the funding gets restored by law the next year, which means Republicans will have to refight the same battles.
more at-
Review & Outlook: Spending Cut Hokum - WSJ.com
I heard a question asked on CNN no less, to wit; is [the] previous Continuing Resolution negotiation $ amounts equaling 10 Billion may be part of this too, meaning, 38 billion has now become 28 billion minus the slight of hand 'cuts" listed below.....even if that turns out to be false, this was a hose job, and Dirty Harrry Reid? He put the smack down, gotta hand it to him.
The Presidents 'budget' do over tomorrow will regurgitate deficit commission recommendations he never bought off on, but, I promise you, they will be lauded as the second coming; the new cooperative attitude as displayed by the GOP and Dems negotiation over cuts avoiding the shutdown will be used to peddle this fish as the Mediscare machine ala Ryans proposals has ramped up.
Spending Cut Hokum
GOP leaders hyped their budget savings.
snip-
After separating out the accounting gimmicks and one-year savings, the actual cuts look to be closer to $20 billion than to the $38 billion that both sides advertised.
Even $20 billion is worthwhile, and the genuine reductions include cuts in high-speed rail, Pell grants, highway projects, renewable energy programs, housing subsidies, low-income home energy assistance, agriculture programs, contributions to the United Nations, and many more. There is also an immediate across the board 0.2% reduction in all nondefense accounts.
snip-
But the continuing resolution also saves money on paper through phantom cuts. The whopper is declaring $6.2 billion in savings by not spending money left from the 2010 Census. Congress also cuts $4.9 billion from the Justice Department's Crime Victims Fund, but much of that money was tucked away in a reserve fund that wouldn't have been spent this year in any event.
The budgeteers claim $630 million in cuts from what are called "orphan earmarks," or construction that never started, and $2 billion more for transportation projects, some of which were likely to be canceled. The Associated Press reports that $350 million in savings comes from a 2009 program to pay dairy farmers to compensate for low milk prices. Milk prices are high this year, so some of that money also would never have been spent.
An estimated $17 billion comes from one-time savings in mandatory programs. The cuts are real, but the funding gets restored by law the next year, which means Republicans will have to refight the same battles.
more at-
Review & Outlook: Spending Cut Hokum - WSJ.com
