CBO Issues Scoring On Revised Boehner Plan: $951 Billion In Cuts
The Congressional Budget Office has released its scoring of the revised Boehner Plan, and Philip Klein summarizes:
- Cut and cap spending by $917 billion over 10 years – that’s more than the $900 billion debt hike;
- Cut $22 billion in spending for FY2012 and hold spending below FY2010 levels until FY2016;
- Continue reducing discretionary spending each year compared to President Obama’s budget (by $96 billion in 2012, $118 billion in 2013, $115 billion in 2014, $117 billion in 2015, and so on); and
- Require Congress to draft proposals that produce reductions of at least $1.8 trillion that help protect programs like Medicare and Social Security from bankruptcy.
That comes out to spending cuts of $915 billion over 10 years (the first draft was $851 billion) and cuts in the FY 2012 deficit of $22 billion
Here’s the letter: