Billion-Dollar Budget Cuts, We Hardly Knew Ye


Yesterday, I noted that the GOP's budget cut promises sank from $100 billion to $61 billion and then resulted in a deal party leaders claimed cut $38 billion but really cut just $14 billion. I ended the post with a question: "Any bets on how many days before the cuts disappear entirely?" I didn't intend the question to be taken literally. Perhaps I should have: The Congressional Budget Office now says the deal will reduce this year's budget deficit by just $352 million