The Nation : Phony Budget Cuts Cited
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The chairman of the House Budget Committee said the budget approved by Congress this month, which was supposed to trim the deficit by $55 billion, contained about $17 billion in phony cuts. As a result, William H. Gray III (D-Pa.) predicted the House will cut an additional $15 billion in defense spending. He cited a report by the Congressional Budget Office that said spending would be reduced by about $37 billion in the next fiscal year, instead of $55 billion. He said the difference was due to about $17 billion in phony cuts, resulting from incorrect figures supplied by the Administration.
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