its budget was cut by 16%. mostly from programs that protect against polluters. and there were cuts to the usual conservative targets like foreign aid and americorps, a national service organization which counts, interestingly enough, michele bachmann s son among its ranks. on thursday the house of representatives will vote on this agreement to fund the government until september 30th when the fiscal year ends. the bill is expected to pass the house with a margin likely provided by democrats who thus far have been quite tepid about the $38 billion agreement. they may, however, feel a bit better about the deal president obama brokered after seeing the details today. the fact is this deal cuts less than $15 billion from discretionary spending. the other 23 billion that is a cut is number shuffling, like taking back $6.2 billion in unused 2010 census funds and 3 billion in highway money that hasn t yet been spent. let s put the 15 billion in discretionary spending cuts in context. discret
reform social security, medicare and medicaid because we all know right now those are the principal drivers that have us on a path that s not sustainable. to save those programs for future generations, we have to be adults and reform them now. okay. congressman joe walsh of illinois, congressman ruehl grijalva of arizona, thanks for joining me. thank you, chris. i ll stipulate that social security is not a problem in the budgetary long run. medicaid and medicare are. when the president and republicans agreed to keep the government open for business on friday, they made a deal to cut $40 billion. that s with a b, dollars from this year s but. today we finally learned how they are going to make that happen. that s next. and later, five years after mitt romney brought romney care to massachusetts, he s signaling a run for the white house and speaking out against president obama s health care plan, but what has romney care really done for massachusetts? splenda® nr is sweet. a
you can go after energy subsidies. can you go after farm subsidies. look, can you go after all of this stuff, but it s irresponsible to say we can t reform social security, medicare and medicaid because we all know right now those are the principal drivers that have us on a path that s not sustainable. to save those programs for future generations, we have to be adults and reform them now. okay. congressman joe walsh of illinois, congressman raul grijalva of arizona, thanks for joining me. thank you, chris. i ll stipulate that social security is not a problem in the budgetary long run. medicaid and medicare are. when the president and republicans agreed to keep the government open for business on friday, they made a deal to cut $40 billion. that s with a b, dollars from this year s but. today we finally learned how they are going to make that happen. that s next. and later, five years after mitt romney brought romneycare to massachusetts, he s signaling
program is completely zeroed out. is this are we seeing here a kind of prophetic vision of what the austerity era will look like? because i think one of the things that happened, just talking to congressman joe walsh, farm subsidies are not in here. right. defense is not in here. the mortgage deduction was in simpson-bowles, but it seems to me like there s a tremendous distributional mismatch in terms of who gets their ox gored. absolutely. this whole exercise, about $38 billion. $34 billion was the amount that this we could have just stopped this whole exercise by not doing the inheritance tax giveaway from the december tax deal. this is like the paris hilton giveaway. just to be clear, that s that s a very small amount of estates, right? right. very richest wealthiest. over $5 million, exactly. so if we had not done that in december, we wouldn t have had to make any of these cuts. heather mcgee bringing the knowledge as always. appreciate it very much. thank
things that happened, just talking to congressman joe walsh, farm subsidies are not in here. right. defense is not in here. the mortgage deduction was in simpson-bowles, but it seems to me like there s a tremendous distributional mismatch in terms of who gets their ox gored. absolutely. this whole exercise, about $38 billion. $34 billion was the amount that this we could have just stopped this whole exercise by not doing the inheritance tax giveaway from the december tax deal. this is like the paris hilton giveaway. just to be clear, that s that s a very small amount of estates, right? right. very richest wealthiest. over $5 million, exactly. so if we had not done that in december, we wouldn t have had to make any of these cuts. heather mcgee bringing the knowledge as always. appreciate it very much. thanks, chris. after telling a huge lie about planned parenthood that we told you about on friday, senator jon kyl is being taught