Radio pundit Rush Limbaugh says the actual amount of additional spending cuts in the 2011 budget deal reached Friday pales beside the $38.5 billion announced — the real figure is $2 billion. Limbaugh, repeating an oft-made charge since the compromise was released, said Tuesday the higher number results from creative accounting.
Limbaugh said on his nationally syndicated radio show the $38.5 billion figure was attained by tacking on to the final agreement tally $12 billion in cuts from each of three previous stopgap continuing resolutions.
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“In other words, old money,” Limbaugh said on his nationally syndicated radio show. “$12 billion of the $38.5 billion came from old CRs, three stopgaps. Now, we talked about this yesterday: It had been said that $10 billion of it was from a previous CR.”
“We couldn’t find any documentation,” he continued. “We did overnight — and the number of real cuts in this continuing resolution that was agreed to on Friday night was $2 billion.”
Limbaugh detailed the cuts, as reported in a story in The Hill, noting they amounted to “accounting-error-type things.”
Read More at NewsMax.com by Hiram Reisner, Newsmax.com