The Phony Sequester Number

When you hear about the sequester, the number you hear for this year’s cuts is $85 billion.

But according to the Congressional Budget Office (and they ought to know), it’s actually about half that, with discretionary spending falling by $35 billion and mandatory spending by $9 billion.

The rest of the $85 billion would be a result of this year’s cuts and would take place in subsequent years.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s