The compromise expected to pass today, in effect, “deems” a budget resolution passed for each of the next two fiscal years. This effectively sets the top-line spending levels–the so-called “302(a) allocations–for both FY 2012 and FY 2013. These top-line levels are specified as follows: $1.043 trillion for FY 2012, and $1.047 trillion for FY 2013. These figures represent a reduction of $7 billion and $3 billion, respectively, in budget authority, relative to FY 2011 levels.Well, that gets them out of a lot of work, doesn't it? No messy details that they can get criticized for later. Of course saving $7 billion or $3 billion from the 2011 baseline is no big shakes. We're still on an unsustainable track.
They then go on to brag that 50% of the cuts will come from spending on "security." That's what they're proud of. So, to summarize: they're happy that they won't have to pass budget resolutions before the election and they're proud of cutting security funding. Great.