Now for the real budget war
April 11th, 2011
08:28 AM ET
11 years ago

Now for the real budget war

NEW YORK (CNNMoney) - Well, that was close.

Halfway through the fiscal year, and countless partisan power plays later, Congress finally managed to reach a deal on the 2011 budget. Its signature feature: $38.5 billion in spending cuts or, as it's referred to by the key players, "the largest spending cut in American history."


Filed under: Budget • Government Shutdown
soundoff (6 Responses)
  1. ConservaFascists

    Paul Ryan's budget does not tackle tax reform. It seems like an all out assult on the middle class and the elderly. There is no shared sacrifice in his budget. Everyone is commending him for his budget when I see it as fascism.

    April 11, 2011 08:37 am at 8:37 am |
  2. Nadeem

    In order to balance the truth is we need to fix (cut spending): Medicare, SS, and Defense AND raise taxes. Even Ryans get rid of medicare for vouchers does not balance the budget.

    The good news is dems want defense and taxes on the wealthy.

    The GOP want to gut SS and Medicare.

    To balance the budget we will have to do both.

    April 11, 2011 08:58 am at 8:58 am |
  3. Rick in OP

    Will someone please tell me why American soldiers serving in war zones only received HALF OF THEIR NORMAL PAYCHECK last week? My son called me from Iraq last Friday where he is serving his second deployment to tell me their their last paycheck was only for half of the normal amount.
    In a government shutdown, the president determines who is essential and non-essential. Evidently, Obama thinks soldiers serving in a war zone are non-essential personnel.

    April 11, 2011 09:09 am at 9:09 am |
  4. bill

    Time for working class and poor to "Pay Big" for Bush Chaney" administrations Federal Deficeit. The Wallstreet Gambling Casino,was left to "Plunder" Americans Retirement,401k savings! They all let Bernie Maddoff,run a "Pirate Ship" through the country,with a Blind Eye.Those Republicans, ,Can,t wait to get those Ghost Ships,back in the water. Good luck Mr.President! No More Republicans. TeaPee is,nt worth "Mentioning.

    April 11, 2011 10:02 am at 10:02 am |
  5. Marry

    If the budget is ever to get fixed ALL have to be willing to look at very complex issues. What could be cut back – but check first if that does not incur higher cost later for the whole country such as the luck of education, environmental issues, failing investments in infrastructure, etc. etc. would do! Then you have a BIG part of the country that does (with all kinds of excuses) not pay their fair share! Only when priorities are set and agreed on what should be paid for now and what in the future and a majority supports it can the budget question be solved! As long as the American voter does not take this seriously and looks closely and with real interest, they are open to fall for the lies of “easy solutions” and do not vote in their very own best interest!! One thing is clear: The favorite plan of the GOP/TP of CUT, CUT and even lower taxes for the ones that are already robbing the country of its strength and resources are not going to build a future for the US! In this I would trust the President working for the country and our future a lot more than the “OTHER” ones!

    April 11, 2011 10:20 am at 10:20 am |
  6. Four and The Door

    I like how this is going to play out. Obama will come up with a long term plan cutting entitlements and also raising taxes. His liberal base of support will be so devastated that he is cutting entitlements that they will come up with a more loyal liberal to run against him in 2012. Split the Democratic Party in half and then when Obama gets the nomination a good percentage of the other half will forget to go to the polls. The shellacking will be completed.

    April 11, 2011 10:37 am at 10:37 am |