Daily Kos: CBO analysis: Spending 'cut' deal doesn't actually cut spending: "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.
When war funding is factored in the legislation would actually increase total federal outlays by $3.3 billion relative to current levels."
Wednesday, April 13, 2011
Saturday, April 9, 2011
Daily Kos: Franken introduces 'Pay for War' resolution
The most serious policy-maker in Washington D.C. today is former comedian. Go figure.
The Pay for War Resolution gives Congress the option to finance war through budget cuts, creating new revenue or a combination of both budgetary means. Franken said the bill is meant to avoid a repeat of the $1.25 trillion that the wars in Iraq and Afghanistan have added to the national debt.