Diary

House GOP’s Spending Cut Less Than Expected

Here is the only piece you need to read about the House GOP’s budget cuts and how insignificant they are.

House Budget Committee Chairman Paul Ryan (R.-Wis.) is filing a budget limit this week that would cut government spending by $32 billion starting March 5. The Appropriations Committee will use the new spending levels to determine specific government department cuts and write a new Continuing Resolution (CR) bill that will come to the floor for a vote next week.  The CR would be the largest one-time discretionary spending cut in history. However, the $32 billion would only cut this year’s budget deficit by 2.2%.

I implore you — go read the whole thing.