House Leaders Weigh U.S. Spending Bill Below $1 Trillion

[Purveyor]

By Roxana Tiron - Feb 5, 2013

U.S. House Republican leaders are considering a stopgap measure to fund the government for the rest of the fiscal year that could drop spending levels below $1 trillion.

The measure, known as a continuing resolution, would fund the government through Sept. 30 at about $974 billion, well below the current level of $1.043 trillion, Representative James Lankford, an Oklahoma Republican, said yesterday.

“It’s a serious cut,” Lankford, a member of the House Budget Committee, said in an interview. “That’s significant.”

While not providing a precise figure, House Majority Leader Eric Cantor, a Virginia Republican, said today in an interview that spending levels will come down.

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http://www.bloomberg.com/news/print/2013-02-05/house-leaders-weigh-u-s-spending-bill-below-1-trillion.html

[sinkingfeeling]

1. Pssst, Eric, but spending levels are already down.

http://www.npr.org/blogs/itsallpolitics/2012/05/22/153293789/under-obama-federal-govt-spends-at-lowest-rate-in-decades-says-journalist

[Proud Liberal Dem]

2. The truth, how shall I say, doesn't do much for them politically

but you're absolutely right.

[Igel]

3. Very strange article.

My "kids" have trouble with velocity versus acceleration--rate of distance travelled versus increase in the rate of distance travelled.

The journalist would fit right in.

Rate of increase is low from f/y 2008 to 2009, from 2009 to 2010, 2010 to 2011, 2011 to 2012. 2009 is all Bush II's baby--the spending bill that Obama signed that Bush II stalled with a veto threat; the second tranche of TARP; the "Obama" stimulus (which is now, apparently, the "Bush II stimulus&quot . From 2007 to 2008 had a huge spending increase.

You pick your endpoints, you get your trendline.