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POWERFUL: Charlie Kirk's final speech delivered in South Korea 9/6/25 2026 in Bible Prophecy 2.4 Billion exposed to excessive heat 🔴 LIVE CHICAGO PORTLAND ICE IMMIGRATION DETENTION CENTER 24/7 PROTEST 9/28/2025 Young Conservative Proves Leftist Protesters Wrong England is on the Brink of Civil War! Charlie Kirk Shocks Florida State University With The TRUTH IRL Confronting Protesters Outside UN Trump Meeting The UK Revolution Has Started... Brit's Want Their Country Back Inside Paris Dangerous ANTIFA Riots Status: Not Logged In; Sign In United States News See other United States News Articles Title: CBO Analysis of Reid Plan - $2.2 trillion in savings Source: CBO URL Source: http://www.cbo.gov/doc.cfm?index=12338 Published: Jul 27, 2011 Author: CBO Post Date: 2011-07-27 09:39:21 by go65 Keywords: None Views: 17071 Comments: 46 The Congressional Budget Office (CBO) has estimated the impact on the deficit of the Budget Control Act of 2011, as proposed in the Senate on July 25, 2011. The legislation would: Establish caps on discretionary spending through 2021, including separate caps on new funding for war-related activities, Allow for certain amounts of additional spending for "program integrity" initiatives aimed at reducing the amount of improper benefit payments and enhancing compliance with tax laws, Extend and expand authority to auction licenses for parts of the electromagnetic spectrum, Make changes to the Pell Grant and student loan programs, Reduce certain payments to agricultural producers, Increase the debt limit by $2.7 trillion, Reinstate and modify certain budget process rules, and Create a joint Congressional committee to propose further deficit reduction. In total, if appropriations in the next 10 years are equal to the caps on discretionary spending and the maximum amount of funding is provided for the program integrity initiatives, CBO estimates that the legislation would reduce budget deficits by about $2.2 trillion between 2012 and 2021 relative to CBO's March 2011 baseline adjusted for subsequent appropriation action. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 37. #8. To: go65 (#0) stablish caps on discretionary spending through 2021, including separate caps on new funding for war-related activities, The number he gives in cuts is a complete deception and a phony. The $1 trillion savings on surge-level [spending] in Iraq and Afghanistan is a fiction. Nobody advocated it. It wasn’t going to happen. We weren’t going to spend it. I’m told there’s an extra $10 billion in here of savings from not invading Normandy a second time. no gnu taxes  posted on  2011-07-27   11:58:23 ET  Reply   Untrace   Trace   Private Reply   #18. To: no gnu taxes, socalv8 (#8) The number he gives in cuts is a complete deception and a phony. The $1 trillion savings on surge-level [spending] in Iraq and Afghanistan is a fiction. Nobody advocated it. It wasn’t going to happen. We weren’t going to spend it. you are aware that the Ryan framework uses the same savings from winding down military options in Iraq and Afghanistan as part of its goal of achieving a balanced budget by 2019. I assume you are also aware that EVERY member of the House GOP voted for the Ryan plan, even though it ADDS $12 TRILLION to the national debt? Think about that the next time you hear a tea party Congressman (or woman) proclaim that they oppose any increasing of the debt limit. go65  posted on  2011-07-27   12:20:06 ET  Reply   Untrace   Trace   Private Reply   #21. To: go65 (#18) I assume you are also aware that EVERY member of the House GOP voted for the Ryan plan, even though it ADDS $12 TRILLION to the national debt? Well you never document anything, but go ahead and document what Obama's personal plan adds to the national debt. no gnu taxes  posted on  2011-07-27   12:30:58 ET  Reply   Untrace   Trace   Private Reply   #22. To: no gnu taxes (#21) Well you never document anything, but go ahead and document what Obama's personal plan adds to the national debt. Obama doesn't control the House, the Republicans do. BTW, i was wrong about the Ryan plan, it adds $6 trillion to the debt over the next 10 years, not $12 trillion. And Michelle Bachmann, who says she'll never vote to raise the debt ceiling, voted for the Ryan plan, as did every other member of the Tea Party caucus. go65  posted on  2011-07-27   12:36:52 ET  Reply   Untrace   Trace   Private Reply   #26. To: go65 (#22) it adds $6 trillion to the debt So what would be added to the debt without the Ryan plan, which was stated to be the equivalent of pushing old people off a cliff? If all you are going to do is bitch about the Republican's plan, than come up with a plan your self which will balance the budget and not push granny off a cliff. Oh that's right the Democrats didn't even submit a plan for 2 years. no gnu taxes  posted on  2011-07-27   12:42:36 ET  Reply   Untrace   Trace   Private Reply   #27. To: no gnu taxes (#26) So what would be added to the debt without the Ryan plan I think you keep missing the point. The same folks who have said that they will not support raising the debt ceiling have ALREADY voted to raise the debt ceiling. But if you want to support the current plan that offers the greatest deficit reduction, endorse the Reid plan. go65  posted on  2011-07-27   12:51:49 ET  Reply   Untrace   Trace   Private Reply   #29. To: go65 (#27) CBO Finds Reid Plan Half A Trillion Short Of $2.7 Trillion Promised; Actual Cuts Are $375 Billion Over Ten Years Now it is time to do the same to Harry Reid, after the CBO has just released its analysis of his so-called "plan", which has double the credibility, and dollar, hole: per the CBO the plan will only generate $2.2 trillion in savings, half a trillion short of the promised $2.7 trillion. But wait, it gets far, far more idiotic. Per the CBO "The caps on appropriations of new budget authority excluding war-related funding start at $1,045 billion in 2012 and reach $1,228 billion in 2021" - that's right: savings from not fighting future wars - a cool trillion. But why stop there - savings from not declaring war on Mars: $1 quadrillion; savings from not paradropping suitcases full of $1 billion dollar bills for every US citizen: $333 quadrillion, and so forth. But wait: there's more: "The legislation also would impose caps of $127 billion for 2012 and $450 billion over the 2013-2021 period on budget authority for operations in Afghanistan and Iraq and for similar activities." But wait, there' even more: "Savings in discretionary spending would amount to nearly $1.8 trillion, mandatory spending would be reduced by $41 billion, and the savings in interest on the public debt because of the lower deficits would come to $375 billion." Gotta love the circularity: less interest payments are part of the actual deficit cuts! So, here's the math: of the $2.2 trillion in "savings" strip away non-savings from non-authorized "wars" and you get... $750 billion... and take out the $375 billion in, no really, interest savings, and you get... $375 billion. OVER TEN YEARS! Is there a wonder why with idiotic leaders like this the true US rating is CCC at best? no gnu taxes  posted on  2011-07-27   13:16:45 ET  Reply   Untrace   Trace   Private Reply   #31. To: no gnu taxes (#29) CBO Finds Reid Plan Half A Trillion Short Of $2.7 Trillion Promised; Actual Cuts Are $375 Billion Over Ten Years Yep, and 2.2 is greater than .85 is it not? go65  posted on  2011-07-27   13:23:09 ET  Reply   Untrace   Trace   Private Reply   #33. To: go65 (#31) (Edited) CBO Finds Reid Plan Half A Trillion Short Of $2.7 Trillion Promised; Actual Cuts Are $375 Billion Over Ten Years Yep, and 2.2 is greater than .85 is it not? Learn to read Actual Cuts Are $375 Billion (if even that) Over Ten Years in the Reid Plan no gnu taxes  posted on  2011-07-27   14:09:45 ET  Reply   Untrace   Trace   Private Reply   #34. To: no gnu taxes (#33) Actual Cuts Are $375 Billion (if even that) Over Ten Years in the Reid Plan Did you miss the CBO analysis that YOU posted? $2.2 trillion > $850 billion go65  posted on  2011-07-27   14:15:20 ET  Reply   Untrace   Trace   Private Reply   #35. To: go65 (#34) Now it is time to do the same to Harry Reid, after the CBO has just released its analysis of his so-called "plan", which has double the credibility, and dollar, hole: per the CBO the plan will only generate $2.2 trillion in savings, half a trillion short of the promised $2.7 trillion. But wait, it gets far, far more idiotic. Per the CBO "The caps on appropriations of new budget authority excluding war-related funding start at $1,045 billion in 2012 and reach $1,228 billion in 2021" - that's right: savings from not fighting future wars - a cool trillion. But why stop there - savings from not declaring war on Mars: $1 quadrillion; savings from not paradropping suitcases full of $1 billion dollar bills for every US citizen: $333 quadrillion, and so forth. But wait: there's more: "The legislation also would impose caps of $127 billion for 2012 and $450 billion over the 2013-2021 period on budget authority for operations in Afghanistan and Iraq and for similar activities." But wait, there' even more: "Savings in discretionary spending would amount to nearly $1.8 trillion, mandatory spending would be reduced by $41 billion, and the savings in interest on the public debt because of the lower deficits would come to $375 billion." Gotta love the circularity: less interest payments are part of the actual deficit cuts! So, here's the math: of the $2.2 trillion in "savings" strip away non-savings from non-authorized "wars" and you get... $750 billion... and take out the $375 billion in, no really, interest savings, and you get... $375 billion. OVER TEN YEARS! Is there a wonder why with idiotic leaders like this the true US rating is CCC at best? Did you miss why that is bullshit? no gnu taxes  posted on  2011-07-27   14:25:45 ET  Reply   Untrace   Trace   Private Reply   #36. To: no gnu taxes (#35) (Edited) Did you miss why that is bullshit? YOu don't seem to read carefully - even if you factor out the defense savings and future interest payments, per the CBO analysis Reid's bill reduces future deficits by $900 billion vs. $851 billion for Boehner's bill. You keep looking for ways to justify your support for an approach that reduces future deficits LESS than what the Democrats have proposed. go65  posted on  2011-07-27   14:28:20 ET  Reply   Untrace   Trace   Private Reply   #37. To: go65 (#36) Now it is time to do the same to Harry Reid, after the CBO has just released its analysis of his so-called "plan", which has double the credibility, and dollar, hole: per the CBO the plan will only generate $2.2 trillion in savings, half a trillion short of the promised $2.7 trillion. But wait, it gets far, far more idiotic. Per the CBO "The caps on appropriations of new budget authority excluding war-related funding start at $1,045 billion in 2012 and reach $1,228 billion in 2021" - that's right: savings from not fighting future wars - a cool trillion. But why stop there - savings from not declaring war on Mars: $1 quadrillion; savings from not paradropping suitcases full of $1 billion dollar bills for every US citizen: $333 quadrillion, and so forth. But wait: there's more: "The legislation also would impose caps of $127 billion for 2012 and $450 billion over the 2013-2021 period on budget authority for operations in Afghanistan and Iraq and for similar activities." But wait, there' even more: "Savings in discretionary spending would amount to nearly $1.8 trillion, mandatory spending would be reduced by $41 billion, and the savings in interest on the public debt because of the lower deficits would come to $375 billion." Gotta love the circularity: less interest payments are part of the actual deficit cuts! So, here's the math: of the $2.2 trillion in "savings" strip away non-savings from non-authorized "wars" and you get... $750 billion... and take out the $375 billion in, no really, interest savings, and you get... $375 billion. OVER TEN YEARS! Is there a wonder why with idiotic leaders like this the true US rating is CCC at best? no gnu taxes  posted on  2011-07-27   14:40:59 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 37. #38. To: no gnu taxes (#37) that's right: savings from not fighting future wars - a cool trillion. Again, The Paul Ryan budget framework, endorsed by ALL GOP HOUSE MEMBERS uses THOSE SAME SAVINGS. Where was the outrage from Tea Partiers over Ryan's plan (oh wait, that's right, they all voted for it - the same plan that adds $6 TRILLION in future debt. And again, look at the CBO analysis - EVEN IF you factor out the national security and interest savings, the Reid plan reduces future deficits by $49 billion more And again, you keep trying to find a way to support a plan that reduces deficits LESS than the Reid plan. go65  posted on  2011-07-27 14:52:15 ET  Reply   Untrace   Trace   Private Reply   #41. To: no gnu taxes (#37) Gotta love the circularity: less interest payments are part of the actual deficit cuts! Interest payments are made "on budget". Lower interest payments in the 1990's played a significant role in reducing the budget deficits. So. of course they play a role. Only a Boofer would believe that they don't. ~~~~~~~~~~~~~~~~~~~~~~~~ According to CBO, Boehner's plan would cut about $850 billion from federal budget deficits between 2012 and 2021 relative to the March 2011 baseline. Relative to its January baseline - a score Boehner requested be calculated - CBO reported that the bill would reduce deficits by about $1.1 trillion. The bulk of the plan's savings would come from capping discretionary spending. The adjusted March baseline accounts for reductions in projected spending that had already been enacted through the appropriations process after the January baseline had been prepared. The January baseline largely assumed funding levels that had been continued from the previous year. The March baseline used in the scoring is what Boehner negotiated with the White House earlier this year to reduce spending and head off a shutdown. To score Boehner's legislation, both the January and the March baselines were adjusted to account for the expected reductions in winding down the wars in Iraq and Afghanistan. The baseline used by CBO to score Boehner's plan includes the savings already projected for the wind down. Republicans have accused Senate Majority Leader Harry Reid, D-Nev., of inflating the savings in his competing $2.7 trillion plan by using accounting gimmicks that are achieved by the winding down the wars, but Reid's plan has not yet been scored. Relative to the March baseline, CBO estimates that Boehner's plan would return about $695 billion in savings from discretionary spending, $20 billion from mandatory spending, and $135 billion in savings on interest paid on the public debt due. war  posted on  2011-07-27 15:01:35 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 37. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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