Wednesday, July 27, 2011

Debt crisis: Boehner's Boner

The US debt crisis has escalated after Republicans were forced to rewrite their proposal to lift the debt ceiling, because they miscalculated how much the original plan would cut spending.
In an embarrassing development for John Boehner, the Republican Congress speaker, the Congressional Budget Office (CBO) ruled on Tuesday night that his bill would have only cut spending by $850bn (£517bn)over the next decade, not the $1.2tn he had aimed for. Republicans are now racing to rewrite the legislation, and have pushed back a congressional vote on the plan from Wednesday to Thursday at the earliest.


Am I laughing? You bet I am. This guy was on TV gassing on about how great his plan was and how the president was being an ass for not accepting his plan, etc. etc. Now it turns out he can't even count and his plan was a load of horse shit. Resign in ignominy perhaps? Unlikely. But he will have to eat some serious crow. However, that won't stop the Tea Party from continuing to blather on about saving America (from what, math skills?)


Debt crisis: Republicans scramble to rewrite plan following figures bungle | Business | guardian.co.uk

1 comment :

Dumb said...

He can count, alright; it's just that he was measuring the bill against an outdated spending baseline.  Basically, during the last round of budget cuts several months ago, Boehner cut more funding than anyone realized at the time; therefore, spending was lower than what was expected, so his new proposal cut less than expected.


What's really funny is that, instead of saying that the problem wasn't as bad as he'd originally thought, Boehner then proceeded to cut spending even lower than he'd originally intended.

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