CBO Finds Revised Boehner Plan Would Make Promised Cuts

Source: National Journal

A revised version of House Speaker John Boehner’s deficit reduction plan would reduce budget deficits by about $915 billion over 10 years through FY2021, the Congressional Budget Office reported Wednesday evening.

That confirms that spending cuts in the bill are greater than the $900 billion debt hike it would allow, as Boehner had promised in any legislation to raise the nation’s $14.3 trillion debt ceiling.

A CBO finding analysis of the earlier version of the Republican bill released on Tuesday showed it was $150 billion below its advertised savings. Significantly, the new plan would include an additional $21 billion in cuts over fiscal year 2012 – a move that will likely sway members initially hesitant about supporting a plan that originally proposed just $1 billion in frontloaded cuts. The new bill would cap spending at FY2010 levels through FY2016.

Read more: http://www.nationaljournal.com/congress/cbo-finds-revised-boehner-plan-would-make-promised-cuts-20110727

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House GOP gets revised CBO score
http://firstread.msnbc.msn.com/_news/2011/07/27/7182354-house-gop-gets-revised-cbo-score

According to these new numbers, the House GOP leadership would raise the debt ceiling by $900 billion, which would keep the country from defaulting until approximately some time in Feb. 2012.

and the President needs to keep his promise to veto it, if it gets past the Senate.

to score the proposals. I hope they work that fast next time.

nm

elections. Why they didn't go for the 4T or the 3T or the 2T deal Obama or the Democrats were offering. Assholes!