Unbiased Analysis of Today's Healthcare Issues

Much Ado about Nothing

Written By: Jason Shafrin - Apr• 16•11

The government will shut down…the government won’t shut down…Compromise!  Finally, the Federal government has came to a compromise to reduce our swelling national debt.  Or have they?  The chart below shows that cutting the deficit has a lot about rhetoric and little about substance.

Congress did save $78.5 billion in their latest agreement. Since the original budget deficit for fiscal year 2011 was $1.6 trillion,  however, the negotiated savings only amounted to 5% of the deficit.

Lots of rhetoric; little action.

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One Comment

  1. Emily says:

    almost everything that was cut was discretionary funding that probably wasn’t going to be spent anyway

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