The stark difference between Reid’s defense cuts and Ryan’s
Here’s the big problem House Republicans have with Sen. Harry Reid’s budget plan: Some $1 trillion of its $2.7 trillion in savings over the next decade — or 37 percent — come from factoring in an expected troop drawdown over the next few years from Iraq and Afghanistan. This is something everyone expects — other than the Congressional Budget Office baseline fiscal forecast. It assumes no drawdown, and it is against CBO’s unlikely scenario that Reid compares his plan.
So, Republicans say, the real savings are just $1.3 trillion, excluding $400 billion in interest payment reductions. That is far less than the $2.4 trillion hike in the debt limit Reid is asking for. And recall that Republicans want spending cuts to at least equal the increase in the debt limit. So Reid is still short, from the House GOP perspective, anywhere from $700 billion (if you accept the interest savings) to $1.1 trillion.
But Democrats charge hypocrisy, noting the recent House Republican budget from Rep. Paul Ryan also assumes a troop drawdown. So GOPers should quit playing politics and embrace the Reid plan. But what Democrats aren’t saying is that even with that assumption, the House-Ryan budget plan cuts spending by $6.2 trillion vs. President Obama’s 2012 budget since the Obama plan also assumes savings from a drawdown.
So zero percent of Ryan’s $6.2 trillion in spending savings vs. the Obama budget comes from the drawdown. And even against the CBO baseline (which assumes perpetual war with no drawdown), just 17 percent of the House-Ryan budget comes from the drawdown. It still has $4.8 trillion in actual cuts. This chart from the House budget committee helps explain things. The key spending line is “Global War on Terror”: