So claims the headline of this story:
Republican House and Senate leaders finalized agreements yesterday on a $41.6 billion budget-cutting plan that includes tough medicine for Medicaid recipients and on a massive defense spending bill that would open the Alaskan wilderness to oil drilling.
That’s just over $8 billion per year – and as the story continues:
The agreement would cut less than one-half of 1 percent from a projected $14.3 trillion in federal spending over the next five years. Depending on the outcome of negotiations over as much as $60 billion in tax cuts, the savings in spending could vanish.
The story goes onto to note how the Democrats are furious that this ANWR provision was stuck in the defense department bill and how certain individuals will lose out from the big cuts in small programs. I just wish it spent more time talking about the increases in spending for that massive budget given to Sec. Rumsfeld.