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Wednesday, February 23, 2011

postheadericon CR cuts equal 14 days of budget balance

Fourteen days of balance. That’s all the proposed continuing-resolution cuts will produce â€" two weeks.

Over the next three weeks, the Senate is going to threaten to shut down the government to avoid balancing the budget for 14 days in fiscal 2011.

The $59 billion in real spending cuts that House Republicans are proposing is dwarfed by the CBO-estimated $1.5 trillion budget deficit for FY 2011, but it is a good start.

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