Wow, these guys are really cutting the fat now. They are proposing a whopping 100 billion in spending cuts now or about 18 days worth of interest on that 14.2 trillion we owe. Well, if it doesn't get re-financed into higher rates that is. Doesn't exactly get the pulse racing. Obama taking the budget cut- for Lionel train- carry trade.
If this wasn't so serious, it would actually be comical. I note these cuts are coming from the discretionary part of the budget. I can't wait to see if any of these jellyfish are gonna go after the big entitlement funds (SS and medicare) and risk losing their jobs. Then we'll see who has a spine and who doesn't.
Duly noted that the FBI won't get a 4% increase. I'd like to see a 4% increase in performance. Like maybe nailing those elite millionaire tax evaders parked in Switzerland and Lichtenstein.
http://news.yahoo.com/s/ap/us_congress_spending
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