Re: $7 Billion

by Andrew Stiles

As Rich notes, House Speaker John Boehner’s (R., Ohio) deficit plan calls for a “real reduction in spending” of just $7 billion for fiscal year 2012, which has a lot of conservative and freshman Republicans wary about supporting it. Rep. Tom Graves (R., Ga.), who is a confirmed ‘no’ on the plan, explains to National Review Online that this represents a significant departure from the House budget resolution authored by Rep. Paul Ryan (R., Wis.), which calls for a real spending reduction of $31 billion in fiscal year 2012. The House Appropriations Committee, on which Graves sits, uses the Ryan budget as its current baseline for allocating funds. So if congress were to pass Boehner’s plan, and the president were to sign it, House appropriators would effectively be given an additional $24 billion to allocate next year.

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