- Feb 10, 2005
- Reaction score
- Montgomery, Al
The CBO moved the "baseline" for Boehners budget proposal:
The Congressional Budget Office has estimated the impact on the deficit of the Budget Control Act of 2011, as posted on the Web site of the Committee on Rules on July 25, 2011. The legislation would:
Establish caps on discretionary spending through 2021,
Allow for certain amounts of additional spending for "program integrity" initiatives aimed at reducing the amount of improper benefit payments,
Make changes to the Pell Grant and student loan programs,
Establish procedures for Congressional consideration of a balanced budget amendment to the Constitution,
Establish procedures to increase the debt limit by up to $2.5 trillion,
Reinstate and modify certain budget process rules, and
Create a joint Congressional committee to propose further deficit reduction.
In total, if appropriations in the next 10 years are equal to the caps on discretionary spending and the maximum amount of funding is provided for the program integrity initiatives, CBO estimates that the legislation would reduce budget deficits by about $850 billion between 2012 and 2021 relative to CBO's March 2011 baseline adjusted for subsequent appropriation action. As requested, CBO has also calculated the net budgetary impact if discretionary savings are measured relative to its January baseline projections. Relative to that baseline, CBO estimates that the legislation would reduce budget deficits by about $1.1 trillion between 2012 and 2021.[/quote]
Was he lying? Nope. Just got to add more for the correct date of the baseline.
Sucks to be you, huh?