In case you are wondering just exactly what Congress and the White House have done with this debt deal, here is the CBO graphic to tell you what our future looks like. From American Thinker
This is your federal budget.
Source: Congressional Budget Office, March 2011 baseline. Vertical axis is billions of dollars.
This is your federal budget on "cuts."
Source: CBO March 2011 baseline, with 2% cut in each year after 2011.
In case you find it difficult to see the difference, here are both budgets, cut and un-cut, on one chart.
Total spending, 2012-21, in baseline: $45.769 trillion.
Total spending, 2012-21, with "cuts": $44.854 trillion.
Spending increase, 2011 to 2021, in baseline: 56.5% (4.6% per year, average).
Spending increase, 2011 to 2021, with "cuts": 53.4% (4.4% per year, average).
Bonus information just in case you think the socialist machine took a hit in the debt deal:
DOE Awards $75 Million for Next Generation Wind Turbines
U.S. Energy Secretary Steven Chu announced today that six wind energy projects have been selected to receive nearly $7.5 million over two years.
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"The HUD Secretary just announced on July 28, 2011 the availability of $95 million to support “sustainable local initiatives” through the fiscal year 2011 Regional Planning and Community Challenge Planning Grant Programs. It seems like a good idea except that it is dedicated to “sustainable communities,” another pet word of United Nations Agenda 21. It is a good idea if you want to live in housing tenements with no cars while the streets will be replaced by trains.Must read article at Canada Free Press