DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Compromise Budget Would Still Cost 1.3 trillion

**VemyhemiHef** · 08-05-2011, 12:33 AM

I think that is getting lost in this debate. While they argue over 60 or 65 billion in cuts, the real cost will still be 1.3 trillion in authorized spending through septemeber, of which every penny will be borrowed. We have already spent an entire years revenue.

http://www.cbo.gov/ftpdocs/120xx/doc...1corrected.pdf

The budget itself is 3.7 TRILLION meaning with that we will be in arrears this year alone to the tune of 1.7 TRILLION dollars.

And democrats are fighting over 61 billion in cuts--or less than 2% of the 3.7 trillion dollar budget.

Amazing--isn't it?

08-05-2011, 12:33 AM	#6
VemyhemiHef Join Date Oct 2005 Posts 591 Senior Member	I think that is getting lost in this debate. While they argue over 60 or 65 billion in cuts, the real cost will still be 1.3 trillion in authorized spending through septemeber, of which every penny will be borrowed. We have already spent an entire years revenue. http://www.cbo.gov/ftpdocs/120xx/doc...1corrected.pdf The budget itself is 3.7 TRILLION meaning with that we will be in arrears this year alone to the tune of 1.7 TRILLION dollars. And democrats are fighting over 61 billion in cuts--or less than 2% of the 3.7 trillion dollar budget. Amazing--isn't it?
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