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Disaster averted, decline straight ahead
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08-01-2011, 02:59 PM
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ulnanVti
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Disaster averted, decline straight ahead
The Congressional Budget Office says Uncle Sam will spend around $46 trillion over the next 10 years.
Assume the committee proposes and Congress enacts a further $1.2 trillion in deficit reduction atop the deal’s $900 billion in initial cuts, and that all this is done on the spending side (though “tax reform” is supposed to be included). That means we’ll have trimmed less than 6 percent from federal spending that is already slated to increase from $3.6 trillion to $5.7 trillion by 2021.
http://www.washingtonpost.com/opinio...CmI_story.html
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