Reid savings trumps Boehner plan

[The Straight Story]

Reid savings trumps Boehner plan

In the battle of budget scores, the Senate Democrats deficit reduction bill is the clear winner thus far over an alternative by Speaker John Boehner, which has had to be pulled back from a floor vote for retooling.

The Congressional Budget Office released a report Wednesday morning that credits the Senate bill with reducing budget deficits by about $2.2 trillion through 2012, nearly three times the $850 billion credited to the Boehner bill on Tuesday.

Part of the disparity is owed to the fact that the House bill takes a two-step approach to raising the debt ceiling and therefore postpones actions on major entitlement savings until November and December. A second factor is the Senate’s willingness to take advantage of CBO baseline rules and claim large savings from winding down US military operations in Afghanistan and Iraq.

Read more: http://www.politico.com/news/stories/0711/60018.html#ixzz1TJOjtJGf

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[dionysus]

3. "I wish that SOB had lost to Shanron Angle"

your slip is showing.

[apnu]

8. Good catch, and he/she said "Democrat" (nt)

[emulatorloo]

4. Not an accounting trick. Those costs will go down. +Reid's plan does not touch SS, Medicare

"And does Reid do anything about revenue?"

In the current form No.

Why? teabag house will not pass a bill that raises taxes.

Could that change? Maybe - that seemed to be the point of Obama talking about the "new Republlican House Members" not compromising, and encouraging the American people to call their Congresspeople saying they support Revenue increases as well as cuts. So if their constituents pressure them maybe they will wake the fuck up.

OTOH the teabaggers are on a mission, they confuse their fringe views with the majoriry view, despite all evidence to the contrary

[ewagner]

6. I think Reid built a time-bomb

into that bill...

I doesn't address revenue but independent from this is the requirement that there must be a separate vote to KEEP THE BUSH TAX CUTS next January or February (somebody check me on the timing)...Meaning that they can't get the extension through the Senate so the Bush cuts will expire, hence raising revenue....assuming of course the Dems have the guts to stick to their principles.

[emulatorloo]

7. agreed.

[emulatorloo]

2. Thanks for the info. Was wondering where the CBO was on this.

[n2doc]

5. "$2.2 trillion through 2012"

Can't be right. That would mean all the savings come in 1 year, which would be a catastrophic budget. Essentially that would more than balance it in 1 year. So it must be through 2022 or so, 10 years.