Iffy spending cuts part of budget pact (AP) – 842th Edition

9 04 2011

AP – Almost half of the budget cuts, some $18 billion, in the budget pact between President Barack Obama don’t involve cuts to agency operating accounts spending hawks like to target. They involve cuts to so-called mandatory programs whose budgets run mostly on autopilot. Such cuts officially “score” as savings that could be used to pay for spending elsewhere, but they often have little real impact in terms of cutting the deficit.
By us.rd.yahoo.com
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