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News Link • Legislative Mischief

‘Historic’ budget cuts bill actually increased 2011 spending by $3 billion: CBO

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The fiscal 2011 funding bill roundly hailed for its "historic" spending cuts actually raised government spending by more than $3 billion, according to a new report.

The nonpartisan Congressional Budget Office concluded Monday evening, "Total discretionary outlays in 2011 will be $3.2 billion higher as a result of the legislation, CBO estimates—an increase of $7.5 billion for defense programs, partially offset by a net reduction of $4.4 billion in other spending."

 

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