Tell me again who won the budget deal fight?

I shall not laugh.

I shall not laugh.

I shall not laugh.

CBO Says Budget Deal Will Cut Spending by Only $352 Million This Year

 Congressional Budget Office analysis of the fiscal 2011 spending deal that Congress will vote on Thursday concludes that it would cut spending this year by less than one-tenth of what both Republicans or Democrats have claimed.

A comparison prepared by the CBO shows that the omnibus spending bill, advertised as containing some $38.5 billion in cuts, will only reduce federal outlays by $352 million below 2010 spending rates. The nonpartisan budget agency also projects that total outlays are actually some $3.3 billion more than in 2010, if emergency spending is included in the total.

The astonishing result, according to CBO, is the result of several factors: increases in spending, especially at the Defense Department; decisions to draw over half of the savings from recissions; and cuts to reserve funds and and money for mandatory-spending programs that might never have been spent.

///

With some conservatives already opposing the deal for not going far enough to meet the GOP campaign pledges to cut $100 billion, the news could complicate House Republicans’ efforts to pass the bill. The minimal effect on current government spending, however, could improve macroeconomic forecasts that predicted lower economic growth if government spending was drastically reduced.

**************************************************************************************

‘Proud of Obama’, we hug you.

As we were celebrating President Obama’s speech yesterday, one regular and loveable voice was missing. Proud Of Obama, a member of our family from the beginning, has lost her husband, who unexpectedly passed away.

Be strong, dear lady. You are in our thoughts and prayers, and we’ll be here when you’re strong enough to come back.

Schooling Private Ryan

 Hi guys,

That was some serious fun yesterday, wasn’t it? I could not stop smiling. I was even smiling at the predictable “This is the president I voted for!” and the “We made him say this” BS.  

It is all so amusing to me now. The shortsightedness, the inability to see why the tax deal back in December was a stroke of genius, giving us not only a second stimulus, but also a perfect card to run on in 2012. Or to understand why he wanted to end that stupid no-big-deal last week, so we can move on to the real fight.

Oh well, It was just fun to see to many Orange heads explodes, from both sides. ;)

Here’s some really good read:

1. NYT graphic Comparison between Republican and  PBO’s Budget Plans. Stunning difference.

2. How Obama Used Paul Ryan.

3. Nicholas Kristof: raise my taxes! 

4. Booman: The president basically got Paul Krugman to shut the eff up and applaud

5. David Frum: Ryan’s Budget Gives Obama What He Wants

6. Obama Speech Defends Liberal Principles

****************************************************************

This is good visual from Rachel:

**********************************************************************

*

And, magnificent new stuff from Pete Souza. (mouse-over the photos, double click for big size).