Thursday, April 14, 2011

Budget Deal Passes with Confusion

Today the Budget agreed upon late Friday night of last week, passed both the House and the Senate and now awaits President Obama's signature. Conservative, freshman House Representatives, as well as other members, defected from party leadership with 59 voting against the bill. Some of these freshman representatives were confused about the CBO's latest report which states only $352 million of cuts will be realized this fiscal year. Speaker Boehner assured the freshmen that the cuts would be made eventually and that there is:

A Distinction between Budget Outlay and Budget Authority

Looks like they should've taken this course.

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