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Spending Cuts? Federal Spending Will Be Higher in 2012
Posted By aaron On August 3, 2011 @ 11:09 am In Economic Crisis | Comments Disabled
August 3, 2011
WASHINGTON (CNSNews.com) – Sen. Tom Coburn (R-Okla.) told CNSNews.com that the Budget Control Act of 2011 does not actually cut spending for fiscal year 2012, which means the federal government will spend more in FY 2012 than it did in FY 2011.
Shortly before the Senate vote on the debt ceiling legislation on Tuesday, CNSNews.com asked Coburn: “Under this current debt ceiling bill, will the federal government spend more in fiscal 2012 than it did in fiscal 2011?”
Coburn’s one-word response: “Yes.”
CNSNews.com followed up by asking, “So this is not a bill cutting spending?” He replied, “No.”
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