Over the next decade the cuts are expected to save hundreds of billions of dollars.
The deal mandates a host of studies and audits of Obama administration policies. It also blocks additional funds for the IRS sought by the Obama administration and bans federal funding of abortion in Washington, D.C.
The history of offers on this bill goes something like this. Democrats first offered no cuts, then $4 billion, then $6.5 billion, then $33 billion, then settled at $38.5 billion.
Boehner made numerous adjustments to his offer in recent days too, but started at $32 billion, then with a Tea Party push went to $62 billion, then dropped to $40 billion, then $38.5 billion.
Democrats claimed they met Republicans halfway after the $10 billion in cuts that already passed this year were approved. They settled late Friday night at three and a half times more.
Boehner came in $8.5 billion higher than the halfway point between his high offer of $61 billion in cuts and the Democrats opening bid of zero cuts.
It was not a totally lopsided bargain. Dems have some silver linings. There were no votes on defunding the EPA or PBS and NPR. Democrats fought for and won a $2 billion cut from the Department of Defense, knocking the military appropriation for the rest of the year down to $513 billion.
But the GOP had to be able to see this as a win in the end, because it is puny compared to what they want to do next.
House Budget Committee Chairman Paul Ryan's 2012 budget resolution proposes cuts of $5 TRILLION in the next 10 yrs...
Saturday, April 09, 2011
Let's make a deal
EXCERPT: Who Won the Shutdown Showdown? It Wasn't Even Close...
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