I'm surprised no one has posted this yet.
So, we're clear on what this is saying...An increasing number of House members yielded to Speaker John Boehner’s blunt command to line up Wednesday behind his budget bill even as his staff moved frantically to alter it in an attempt to resolve the looming fiscal crisis. Congressional leaders alternately voiced optimism, determination and a haggard frustration as they struggled to make both the dollars and the votes add up.
The Congressional Budget Office, which on Monday night forced the Republican leaders back to the drawing board by ruling that their plan fell short of their promises, came back Tuesday with a verdict on Mr. Boehner’s latest revisions, declaring that they would cut spending by $917 billion over ten years. His plan would now raise the debt ceiling by $900 billion, requiring another set of decisions in just a few months.
"CBO’s analysis confirms that the spending cuts are greater than the debt hike – affirming that the House GOP bill meets the critical test House Republicans have said they will insist upon for any bill to raise the nation’s debt ceiling," said Kevin Smith, the communications director for Mr. Boehner.
"Speaker Boehner discovered that although his debt limit plan doesn't cut as much from the deficit as the Democrat's plan does as proposed by Senator Reid which was also scored by the CBO, atleast they confirm that the amount of spending cuts his plan proposes are sufficient to raise the debt limit and allow the Treasury to pay the bills. So, he rallied to stand firm with him to save the day! HURRAY!!"
Nice try, but the fact remains Sen. Reid's plan cuts more from the deficit than Speaker Boehners' AND it does so over the same timeframe WITHOUT adding tax increases. Now, those who are arguing, "but the spending cuts include eliminating cost to both wars which were going to get reduced anyway," I say, "And?"
The point is, the cost to both wars are part of the deficit and atleast one is still ongoing. So, yes, the cost of funding both wars will be reduced because we're bringing some of our troops home, but the fact that we're reducing troop force levels doesn't erase the fact hat there still will be costs associated with funding the ongoing war effort. Let's not pretend that a cease fire has been announced or either war has officially been declared over. As such, you should be glad the costs for funding either will be decreasing, not getting all glume over it.