CBO: Boehner Plan Cuts More Than Reid Plan
The debt-ceiling plan authored by House Speaker John Boehner (R-Ohio) cuts the deficit by more than the plan by Senate Majority Leader Harry Reid (D-Nev.) if an assumption about war funding is removed from the Reid bill.
Without assuming a drawdown in military activities in Afghanistan and Iraq, the Reid bill only cuts the deficit by $909 billion. That’s $8 billion less than the $917 billion Boehner plan. With the war funding factored in, the Reid plan cuts $2.176 trillion over 10 years.
In short, Reid and the Democrats were trying to take credit for something that’s already been planned and has been for quite some time. This isn’t a new cut, in other words, so Reid’s plan shouldn’t take credit for it.