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February 10, 2013


Budget Cuts That Weren't

"Late on the night of April 8, 2011, Washington's leaders announced that they'd just done something extraordinary. They had agreed to cut the federal budget -- and cut it big," the Washington Post reports.

"Nearly two years later, however, these landmark budget cuts have fallen far short of their promises."

"In some areas, they did bring significant cutbacks in federal spending. Grants for clean water dried up. Cities got less money for affordable housing. But the bill also turned out to be an epic kind of Washington illusion. It was stuffed with gimmicks that made the cuts seem far bigger -- and the politicians far bolder -- than they actually were."














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