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Title: CBO: Budget deal cuts this fiscal year’s deficit by just $352 million, not $38 billion touted
Source: Washington Post
URL Source: http://www.washingtonpost.com/busin ... 2011/04/13/AFFJnkWD_story.html
Published: Apr 14, 2011
Author: Washington Post
Post Date: 2011-04-14 00:06:52 by go65
Keywords: None
Views: 9728
Comments: 25

WASHINGTON — A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in promised savings by the end of this budget year.

The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would cut federal outlays from non-war accounts by just $352 million through Sept. 30. About $8 billion in immediate 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.

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Begin Trace Mode for Comment # 23.

#13. To: go65 (#0)

A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in promised savings by the end of this budget year.

The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would cut federal outlays from non-war accounts by just $352 million through Sept. 30. About $8 billion in immediate 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.

CBO I could kiss you, (pun intended)..... All you did was ensure there will be a huge budget battle coming for the 2012 budget, "AND" there will be a lot more Tea Party candidates nominated and elected in November 2012..... (count on it)!!

Goodbye RINOS and a $hitload of PendejoCrats.....

CZ82  posted on  2011-04-15   18:17:03 ET  Reply   Untrace   Trace   Private Reply  


#14. To: CZ82 (#13)

CBO I could kiss you, (pun intended)..... All you did was ensure there will be a huge budget battle coming for the 2012 budget, "AND" there will be a lot more Tea Party candidates nominated and elected in November 2012..... (count on it)!!

Chuckle. I'm sure the Democrats will welcome another round of Christine O'Donnells and Sharon Angles.

How are Scott Walker and Rick Scott's approval ratings these days?

go65  posted on  2011-04-15   23:52:57 ET  Reply   Untrace   Trace   Private Reply  


#17. To: go65 (#14)

How are Scott Walker and Rick Scott's approval ratings these days?

With the Liberals who cares.... They only make up 25-30% of the population, it's the rest that matters.......

CZ82  posted on  2011-04-16   7:40:44 ET  Reply   Untrace   Trace   Private Reply  


#19. To: CZ82 (#17)

With the Liberals who cares.... They only make up 25-30% of the population, it's the rest that matters.......

We'll see, it looks like one GOP Senator in WI is going to get recalled, and the lunacy of the tea party is putting states like Georgia into play for Obama in 2012.

go65  posted on  2011-04-16   13:08:21 ET  Reply   Untrace   Trace   Private Reply  


#22. To: go65 (#19)

We'll see, it looks like one GOP Senator in WI is going to get recalled, and the lunacy of the tea party is putting states like Georgia into play for Obama in 2012.

Speaking of rooting for failures I assume you think Obozo will be re-elected???

It's not looking good for him because basically only moochers, losers and idiots still think he's doing a good job. His current approval rating is now 1/2 of what it was when he first took office 2 years ago!!!!! and still sinking!!!!

CZ82  posted on  2011-04-16   14:07:46 ET  Reply   Untrace   Trace   Private Reply  


#23. To: CZ82 (#22)

Speaking of rooting for failures I assume you think Obozo will be re-elected???

Yep.

If you don't, you stand to make a lot of money betting against him on Intrade where he currently shows around a 60% chance of reelection. Good luck.

It's not looking good for him because basically only moochers, losers and idiots still think he's doing a good job. His current approval rating is now 1/2 of what it was when he first took office 2 years ago!!!!! and still sinking!!!!

You need to remember that the election ballot in 2012 will have other names on it. Obama is polling well ahead of all Republicans right now. And the last time I checked, Obama's approval rating was about 7 points higher than Reagan's at the same point in his presidency.

Look, wishful thinking convinced folks like yourself that O'Donnell and Angle were viable candidates, it seems you haven't learned your lesson.

go65  posted on  2011-04-16   15:59:46 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 23.

#24. To: go65 (#23)

Look, wishful thinking convinced folks like yourself that O'Donnell and Angle were viable candidates, it seems you haven't learned your lesson

Don't look at me I thought they were both kinda looney tunes..... they weren't vetted properly....

CZ82  posted on  2011-04-16 18:16:12 ET  Reply   Untrace   Trace   Private Reply  


#25. To: go65 (#23)

You need to remember that the election ballot in 2012 will have other names on it. Obama is polling well ahead of all Republicans right now. And the last time I checked, Obama's approval rating was about 7 points higher than Reagan's at the same point in his presidency.

Reagan came into office on a fairly high note, with initial job approval ratings as high as 60% by mid-March 1981. Then, on March 30, Reagan was shot on the streets of Washington by John Hinckley Jr., and the resulting concern and sympathy helped lift his ratings to 68% by May. But even as Reagan personally recovered from his wounds, the public's concerns about the bad economy did not, and the president's ratings began to fall as each month went by.

By the end of 1981, Reagan's job approval rating had drifted down to 49%.

Things got worse for Reagan in 1982. The public's view of the economy remained sour, and the president's ratings during 1982 stayed concomitantly low, in the 40% range, ending the year at 41%. The 1982 midterm elections were not good ones for Reagan and for the GOP. The Republicans lost about 25 seats in the House.

A clear cause for all of this was the economy. Still, Gallup analysts at the time presciently noted that there was some cause for optimism for Reagan:

Throughout the year [1982] a solid majority of Gallup's respondents have taken the position that Reaganomics will worsen, rather than improve, their own financial situation. Yet, Gallup consistently has found somewhat more public faith that Reaganomics will help the nation as a whole and even more faith in the president's program when the question is posed with regard to the long run. Surveys also indicate that the public has more confidence in Reagan than approval ratings of his performance would suggest. While only one third approve of the way he is handling the economy, close to half express some degree of confidence that he will do the right thing with regard to the economy.

Indeed, although 1983 began for Reagan with a 35% job approval rating -- the worst of his administration -- things started to look better.

His ratings moved back above 50% by November 1983 -- not only because the economy was picking up, but also in part as a result of rally effects associated with the U.S. invasion of Grenada and the terrorist explosion that killed 241 American Marines in Beirut, Lebanon.

By 1984, Reagan's job approval ratings were consistently above the 50% line that is a symbolic standard for an incumbent president seeking re-election. In Gallup's last October poll before the November 1984 election, Reagan received a 58% job approval rating, and he went on to soundly defeat Democratic nominee Walter Mondale by a 59% to 41% popular vote margin, receiving 525 electoral votes to Mondale's 13.

Reagan continued to soar in 1985, routinely receiving ratings in the 60% range. In May 1986, Reagan received a 68% job approval rating, tied for the highest of his administration.

Then, in November 1986, the Iran-Contra affair broke into the news. That same month, Reagan was on television denying that there had been any trading of arms for hostages, but the damage was done. His ratings plummeted from 63% in late October to 47% in early December, and stayed relatively low throughout 1987. Reagan's ratings underwent a slight rebound in the late summer and early fall of 1988 as his vice president, George H.W. Bush, campaigned for the presidency against Michael Dukakis.

Reagan's last two Gallup job approval ratings before he left office were 57% in mid-November and 63% in December 1988.

The highest job approval rating of the Reagan administration was 68% -- reached twice, in May 1981 and as previously indicated, in May 1986. As noted, the low point was 35% in January 1983.

CZ82  posted on  2011-04-16 18:17:38 ET  Reply   Untrace   Trace   Private Reply  


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