So $38 and a half billion dollars in cuts. There’s a big story at The Hill today, and I’m gonna synthesize it here. I sent it to Snerdley. Snerdley was aghast, and you will be, too. Of the $38 and a half billion dollars in cuts, $12 billion in cuts from three previous stopgap continuing resolutions. In other words, old money. Twelve billion dollars of the 38 and a half came from old CRs, three stopgaps. Ten billion came from the previous continuing resolution. Now, we talked about this yesterday. It had been said that $10 billion of it was from a previous CR. We couldn’t find any documentation. We did overnight. And the number of real cuts in this continuing resolution that was agreed to on Friday night was $2 billion.
“House and Senate appropriators revealed details of the 2011 spending-cut deal early Tuesday morning, missing a self-imposed midnight deadline.” They were supposed to tell us at midnight last night. But they didn’t. They got it done early this morning. “In dueling press releases, House Republicans emphasized the magnitude of cuts they won in the six-month spending bill after marathon negotiations, while Senate Democrats emphasized cuts they were able to avoid or diminish. ‘Never before has any Congress made dramatic cuts such as those that are in this final legislation,’ (House) Appropriations Committee Chairman Hal Rogers (R-Ky.) said in a statement. ‘The near $40 billion reduction in non-defense spending is nearly five times larger than any other cut in history, and is the result of this new Republican majority’s commitment to bring about real change in the way Washington spends the people’s money.’ The Senate Appropriations Committee, chaired by Sen. Daniel Inouye (D-Hawaii), said in its release that some of the cuts would be ‘especially painful.'” This is a crock. Nobody’s gonna miss this!