May 16, 2011 Washington, DC – Speaker John Boehner and Senate Minority Leader Mitch O’Connell are suffering embarrassment and dismay over the spending cuts enacted with great aplomb in early April of 2011. Some are calling Jesus for intervention to up the date of The Rapture to end this nonsense. The Rapture is scheduled for final launch May 21, 2011 at an unspecified time.
Comparisons are being made of the promises, April’s Spending Bill and the reality of the legislation. At this point the effectiveness of this legislation is looking grim.
“[w]ith common-sense exceptions for seniors, veterans, and our troops, we will roll back government spending to pre-stimulus, pre-bailout levels, saving us at least $100 billion (USD) in the first year alone.”
The Spending Cut Bill:
The Spending Cuts Bill was touted as reducing spending by $38 billion (USD) within 6 months.
It turns out the six-month spending bill Congress passed in March increased discretionary outlays through the remainder of the fiscal year by a bit over $3 billion (USD) due to assumptions made about the speed of outlays for the military.
To be fair, the bill will reduce spending by $122 billion (USD), but over 10 years, not the prophesized 6 months.
With the Republican nominations beginning to heat up, the comparisons will no doubt create a feeding frenzy amongst the Presidential candidates. Much like a pack of dogs, sometimes the oldest and longest toothed are the most wiley.