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OK, So the Gov't Does Shut Down.....
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<blockquote data-quote="Babagounj" data-source="post: 826266" data-attributes="member: 12952"><p>WASHINGTON (AP) — A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in promised savings by the end of this budget year.</p><p>The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would cut federal outlays from non-war accounts by just $352 million through Sept. 30. About $8 billion in immediate cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending.</p><p>The budget deficit is projected at $1.6 trillion this year.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 826266, member: 12952"] WASHINGTON (AP) — A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent of the $38 billion in promised savings by the end of this budget year. The Congressional Budget Office estimate shows that compared with current spending rates the spending bill due for a House vote Thursday would cut federal outlays from non-war accounts by just $352 million through Sept. 30. About $8 billion in immediate cuts to domestic programs and foreign aid are offset by nearly equal increases in defense spending. The budget deficit is projected at $1.6 trillion this year. [/QUOTE]
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