Finally, finally, finally!
We have a government in place to hold tight fiscal policies and bring an end to the spend happy days of yore where government employees were given free reign to make it rain in strip clubs across the country, all at the taxpayers messy expense.
No more, say the American people.
Thank God those days are gone and that the Republicans are bringing an end to our spend happy ways, and bring about the second revival or proper conservative budgeting with no disingenuous extension of the facts in any way whatsoever.
The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would cut federal outlays from non-war accounts by just $352 million through Sept. 30. About $8 billion in immediate cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.
When war funding is factored in the legislation would actually increase total federal outlays by $3.3 billion relative to current levels.
In all fairness, this IS primarily because the incoming flock of Republicans doesn’t understand how finance works.
To a fair degree, the lack of immediate budget-cutting punch is because the budget year is more than half over and that cuts in new spending authority typically are slow to register on deficit tallies. And Republicans promise that when fully implemented and repeated year after year, the cuts in the measure would reduce the deficit by $315 billion over the coming decade….
….But CBO does credit a move to eliminate year-round Pell Grants with generating more than $40 billion in deficit reduction over the coming decade from both mandatory and appropriated accounts, though just slightly less than $1 billion this year.
Comforting isn’t it? The current financial and political leaders of America themselves don’t understand how the current budget they’re gung-ho on cutting even works.
Thank God we’ve managed to cut into the federal deficit by screwing poor children out of a chance to go to college.
America. Home of “at least it wasn’t me.”