The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would pare just $352 million from the deficit through Sept. 30. About $8 billion in cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.
The House began preliminary debate on the measure Wednesday with it easily advancing over a procedural hurdle by a 241-179 vote. The measure appears on track to pass the House and Senate this week before a stopgap spending measure expires Friday at midnight despite opposition from some of the GOP’s most ardent budget cutters.
The budget deficit is projected at $1.6 trillion this year.
The CBO study confirms that the measure trims $38 billion in new spending authority, but many of the cuts come in slow-spending accounts like water-and-sewer grants that don’t have an immediate deficit impact.
Disgusting. These fools in Washington (both Parties) have sold their own citizens further down the river.
To those Republicans in D.C. that are slapping each other on the back, congratulating each other on a job well done? F you.
To those Democrats that called the elimination of $352 million from a budget of several trillion dollars "draconian"? F you.
Both Parties continue to do further damage to this great Country, and then try to tell us what a great service they have done.
Fire them all.
