Budget Spending Cuts: Fact Check?
Just how much did the government actually cu in spending? What did we really get? There are so many varying numbers being thrown around that it seems lost on the media how much Congress actually cut in federal spending. Luckily, I have an answer.
$2.5 trillion? Let me put trillion in context to see all those zeros and commas: $2,500,000,000,000.00. That’s how much the House GOP wanted to cut at the start of the year. Clearly, the House did not cut that much.
$60 billion?! Late February, the House passed their spending cut plan and sent it to the Senate. From here, the House complained that Senate Democrats were stalling. For over a month, Congress dithered and whined about how much should be cut. Early March, there were murmurs of a government shutdown. By the end of the month, a shutdown seemed imminent! Democrats were willing to hold military pay hostage to save the drastic cuts against Planned Parenthood.
$40 billion?!? Crisis averted! There won’t be a government shutdown after D.C. reached towards the midnight hour. House Speaker John Boehner met with Senate Majority leader Harry Reid at the White House with President Obama to whittle down the extravagant amount of cuts; tabling the debate about Planned Parenthood funding for another day. But that final amount is but a blurted figure. What’s the real amount?