Tuesday, April 12, 2011

Budget tricks helped Obama save programs from cuts

Lots of arm waving over nothing. Any material reduction in spending will slow the economy into an election year. No chance.

Details of last week's hard-won agreement to avoid a government shutdown and cut federal spending by $38 billion were released Tuesday morning. They reveal that the budget cuts, while historic, were significantly eased by pruning money left over from previous years, using accounting sleight of hand and going after programs President Barack Obama had targeted anyway.

Source: news.yahoo.com

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