So, based on my not so informed analysis, what the Senate now has a deal on sucks. It appears that the only criteria used by those “wise people” in the middle was what had extensive lobbying support.
Cuts:
- Aid to states.
- Education funding.
Kept or increased:
- More tax cuts.
- Increased funding on the census. (Like that’s going to help now?)
- Subsidies for digital TV receivers. (Whiskey tango foxtrot)?
- More tax cuts.
- The $15,000 house flipping tax credit.
Total spending is down by around ¼, and tax cuts are up.
Without some Republican style shenanigans in the conference committee (how about stripping out all the tax cuts?) this will really suck.