If It Walks Like a Duck: Part 1

CUTS MADE IMMEDIATELY: none IMMEDIATE DEBT CEILING INCREASE: $400 billion SPENDING INCLUDED: $ 17 billion (Pell grants) THE DEBT CEILING BILL TOUTS $917 B IN SAVINGS 1.4 SAVINGS 1.05 The savings come from decreasing the rate of spending, not cuts to spending programs IN TRILLIONS OF DOLLARS 0.7 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 PROJECTED SPENDING BUDGET CAPS it walks like a duck how can Washington raise spending & call it a cut? ++ CUTS MADE IMMEDIATELY: none IMMEDIATE DEBT CEILING INCREASE: $400 billion SPENDING INCLUDED: $ 17 billion (Pell grants) THE DEBT CEILING BILL TOUTS $917 B IN SAVINGS 1.4 SAVINGS 1.05 The savings come from decreasing the rate of spending, not cuts to spending programs IN TRILLIONS OF DOLLARS 0.7 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 PROJECTED SPENDING BUDGET CAPS it walks like a duck how can Washington raise spending & call it a cut? ++ CUTS MADE IMMEDIATELY: none IMMEDIATE DEBT CEILING INCREASE: $400 billion SPENDING INCLUDED: $ 17 billion (Pell grants) THE DEBT CEILING BILL TOUTS $917 B IN SAVINGS 1.4 SAVINGS 1.05 The savings come from decreasing the rate of spending, not cuts to spending programs IN TRILLIONS OF DOLLARS 0.7 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 PROJECTED SPENDING BUDGET CAPS it walks like a duck how can Washington raise spending & call it a cut? ++ CUTS MADE IMMEDIATELY: none IMMEDIATE DEBT CEILING INCREASE: $400 billion SPENDING INCLUDED: $ 17 billion (Pell grants) THE DEBT CEILING BILL TOUTS $917 B IN SAVINGS 1.4 SAVINGS 1.05 The savings come from decreasing the rate of spending, not cuts to spending programs IN TRILLIONS OF DOLLARS 0.7 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 PROJECTED SPENDING BUDGET CAPS it walks like a duck how can Washington raise spending & call it a cut? ++ CUTS MADE IMMEDIATELY: none IMMEDIATE DEBT CEILING INCREASE: $400 billion SPENDING INCLUDED: $ 17 billion (Pell grants) THE DEBT CEILING BILL TOUTS $917 B IN SAVINGS 1.4 SAVINGS 1.05 The savings come from decreasing the rate of spending, not cuts to spending programs IN TRILLIONS OF DOLLARS 0.7 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 PROJECTED SPENDING BUDGET CAPS it walks like a duck how can Washington raise spending & call it a cut? ++ CUTS MADE IMMEDIATELY: none IMMEDIATE DEBT CEILING INCREASE: $400 billion SPENDING INCLUDED: $ 17 billion (Pell grants) THE DEBT CEILING BILL TOUTS $917 B IN SAVINGS 1.4 SAVINGS 1.05 The savings come from decreasing the rate of spending, not cuts to spending programs IN TRILLIONS OF DOLLARS 0.7 0.35 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 PROJECTED SPENDING BUDGET CAPS it walks like a duck how can Washington raise spending & call it a cut? ++