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Budget deal: CBO analysis shows initial spending cuts less than expected

• Washington Post
A federal budget compromise that was hailed as historic for proposing to cut about $38 billion would reduce federal spending by only $352 million this fiscal year, less than 1 percent of the bill’s advertised amount, according to the Congressional Budget Office.

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Comment by Powell Gammill
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http://www.nytimes.com/2011/04/15/us/politics/15boehner.html?_r=1&hp&gwh=58F0E3920A2E2CA85F23AF0480FA77B4


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