Day by Day April 12, 2011 – The Sun King
Day By Day by Chris Muir
On the night the budget deal was struck to avert a shutdown, I argued that it was a deal that conservatives should be happy about. In light of further details that have emerged, I would no longer make such a statement.
Today, the Associated Press reports on a new Congressional Budget Office report showing that the deal that purported to slash spending by $38.5 billion for the remainder of the year, really only reduces outlays by a fraction of that amount, and only cuts this year’s deficit by a mere $352 million. If the $38.5 billion was chump change in the context of $14 trillion debt, I wouldn’t even know what to call $352 million. Bread crumbs, maybe?
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