Monday, May 16, 2011

Last Call

Why is it that everything Republicans touch financially turns to complete crap?

It turns out the six-month spending bill Congress passed in March increased discretionary outlays through the remainder of the fiscal year by a bit over $3 billion. In other words, total direct spending will be higher by the end of September than if Congress had just set spending on autopilot for the remainder of the fiscal year back in April.


"Total discretionary outlays in 2011 will be $3.2 billion higher as a result of the legislation, CBO estimates--an increase of $7.5 billion for defense programs, partially offset by a net reduction of $4.4 billion in other spending," reads a just-released report from the Congressional Budget Office -- Congress' non-partisan scorekeeper. Analysts there conclude that increase is due in large part to the fact that the six month spending bill shifted defense spending to more immediate activities, which means the bills will come due sooner than later. 

Yep.  The Republicans nearly shut down the government in order to cut spending, and the deal they accepted ACTUALLY INCREASED SPENDING OVER DOING NOTHING.   But Republicans are "serious" on budget issues.  Right.

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