Google+
Close

The Corner

The one and only.

New Boehner Version



Text  



We’re hearing it now cuts $917 billion over ten years under the more recent CBO baseline. So under $1 trillion. On the other hand, the cuts are apparently more front-loaded: $20 billion in real cuts in the first year.

 

UPDATE: Clarifying: We’re told the cut is $22 billion in fiscal year 2012 from the adjusted CBO baseline, and $42 billion in fiscal year 2013. Most of the change has to do with a technical adjustment one of our budget experts will have to explain. The new version preserves the 1:1 match in the first tranche of the debt increase, which leadership considers a very important benchmark for members. Leadership sounds increasingly optimistic about passage and even outsiders opposed to the Boehner plan have been predicting privately today that it will pass.



Text  


Sign up for free NRO e-mails today:

Subscribe to National Review