Tue Feb 5, 2013, 11:26 AM
Purveyor (26,712 posts)
House Leaders Weigh U.S. Spending Bill Below $1 Trillion
By Roxana Tiron - Feb 5, 2013
U.S. House Republican leaders are considering a stopgap measure to fund the government for the rest of the fiscal year that could drop spending levels below $1 trillion.
The measure, known as a continuing resolution, would fund the government through Sept. 30 at about $974 billion, well below the current level of $1.043 trillion, Representative James Lankford, an Oklahoma Republican, said yesterday.
“It’s a serious cut,” Lankford, a member of the House Budget Committee, said in an interview. “That’s significant.”
While not providing a precise figure, House Majority Leader Eric Cantor, a Virginia Republican, said today in an interview that spending levels will come down.
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House Leaders Weigh U.S. Spending Bill Below $1 Trillion (Original post)
|Proud Liberal Dem||Feb 2013||#2|
Response to Purveyor (Original post)
Tue Feb 5, 2013, 11:33 AM
sinkingfeeling (31,149 posts)
1. Pssst, Eric, but spending levels are already down.
Response to sinkingfeeling (Reply #1)
Wed Feb 6, 2013, 10:37 PM
Igel (23,161 posts)
3. Very strange article.
My "kids" have trouble with velocity versus acceleration--rate of distance travelled versus increase in the rate of distance travelled.
The journalist would fit right in.
Rate of increase is low from f/y 2008 to 2009, from 2009 to 2010, 2010 to 2011, 2011 to 2012. 2009 is all Bush II's baby--the spending bill that Obama signed that Bush II stalled with a veto threat; the second tranche of TARP; the "Obama" stimulus (which is now, apparently, the "Bush II stimulus"). From 2007 to 2008 had a huge spending increase.
You pick your endpoints, you get your trendline.