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And Then The CBO Weighs In:

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Bloviating Zeppelin: And Then The CBO Weighs In:

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Thursday, April 14, 2011

And Then The CBO Weighs In:

The Obama Admin regarding the budget:

"We will not sleep until this is resolved."

Uh -- perhaps some just might:


Following Mr Obama's speech on Wednesday, the Congressional Budget Office (CBO) weighs in:

A Congressional Budget Office analysis of the fiscal 2011 spending deal that Congress will vote on Thursday concludes that it would cut spending this year by less than one-tenth of what both Republicans or Democrats have claimed.

A comparison prepared by the CBO shows that the omnibus spending bill, advertised as containing some $38.5 billion in cuts, will only reduce federal outlays by $352 million below 2010 spending rates. [My emphasis. -BZ] The nonpartisan budget agency also projects that total outlays are actually some $3.3 billion more than in 2010, if emergency spending is included in the total.

The astonishing result, according to CBO, is the result of several factors: increases in spending, especially at the Defense Department; decisions to draw over half of the savings from recissions; and cuts to reserve funds and and money for mandatory-spending programs that might never have been spent.

Imagine that:
. . . will only reduce federal outlays by $352 million below 2010 spending rates.

Lies and more lies from the Obama Administration. Revealed by a somewhat non-partisan element.

And to those of you loving trolls who live in another dimension, on another planet, in another galaxy with wafting beautiful winds and drugged minds: keep taking your drugs. You're about to need them. When your soft and beautiful worlds completely crash.

And then the bill passed today. The prototypical "non-deficit-reduction reduction spending bill."

Yep. The Republicans AND Demorats think you ARE that stupid.

BZ


2 Comments:

Blogger Old NFO said...

I'm not surprised... rumors and all that back here...

Thu Apr 14, 04:45:00 PM PDT  
Blogger Always On Watch said...

WE THE PEOPLE are indeed being played for fools by our politicians.

Thu Apr 14, 05:18:00 PM PDT  

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