Doomed: Even The Vaunted Boehner Plan Cuts Only One Billion in 2012

Charles Krauthammer just called this a "great achievement."

Over 10 years, it cuts, it is supposed, $1.1 trillion dollars.

But almost all of those cuts come in the tenth year.

See page 9 for the overall effect on the deficit, year by year.

The line of year-by-year "total effect on the deficit" reads:

-1 -16 -57 -73 -85 -96 -109 -123 -138 -153

The CBO scores the ten year deficit reduction as $851 billion, not $1.1 trillion.

They're rewriting their proposal in light of the CBO's scoring of the plan.

And probably, as Gabe writes in an email, due to mass hysteria.

Thanks to DrewM for spotting that.

Isn't that less than the $2 billion in 2012 that Biden and the Democrats proposed?

posted by Ace at 06:46 PM

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