Bad Deal: Sequester Spending Cuts Obsolete With New Budget Deal

Published on October 17, 2013

Here are the numbers: The Budget Control Act of 2011 created the automatic  spending cuts across the government, mandating a discretionary budget in fiscal  year 2013 of $986 billion.

On Oct. 1, more sequester cuts were supposed to bring the discretionary  budget down to $967 billion for fiscal year 2014.

But the amount of the spending cap in the McConnell-Reid deal for the next  three months is frozen temporarily at $986 billion — $19 billion more than the  government is supposed to be able to spend this fiscal year.

Defenders of McConnell point out that at least his deal stopped Democrats  from completely killing these automatic spending cuts.

Read More