Numbers from Democrats and Republicans Show the Budget Deal is a Fraud

Mark Levin has already called the budget deal an “historic scam.” Now, respected website Business Insider and its number cruncher Joe Weisenthal have dubbed it a “gigantic fraud,“ while conservative cornerstone National Review calls it a ”fake.” And when you see the numbers, you might agree.

Weisenthal had a look at the analysis put out by National Journal (via the CBO) that says the total savings from the new deal (possible pun) are nowhere near the touted $38 billion. That number is only reached by numbers gimmicks. Rather, the number is closer to $352 million. NJ explains:

A comparison prepared by the CBO shows that the omnibus spending bill, advertised as containing some $38.5 billion in cuts, will only reduce federal outlays by $352 million below 2010 spending rates. The nonpartisan budget agency also projects that total outlays are actually some $3.3 billion more than in 2010, if emergency spending is included in the total.

The astonishing result, according to CBO, is the result of several factors: increases in spending, especially at the Defense Department; decisions to draw over half of the savings from recissions; and cuts to reserve funds and and money for mandatory-spending programs that might never have been spent.

via The Blaze.

About the Author

Politisite delivers the latest Breaking Political News, Debate Coverage, Election Results, Commentary and Analysis. We provide in-depth news with special reports and interactive political coverage. Politisite was a pioneer in internet political news gathering and dissemination. Politisite came live in early 1998 and become the first internet only news source to cover local, state, and national political campaigns, debates and elections. Before there were the terms Blog, Blogger, New Media, or Crowd-sourcing, Politisite was developing what has become the standard in political news coverage, long before most political sites were even conceived. The Name ‘Politisite” simply means Political Website.

Author Archive Page

Post a Comment