- $38
billion the agreed-upon spending cuts in the budget compromise struck in a shutdown-preventing bipartisan deal late last week
- $350
million the actual value of the immediate cuts, according to the CBO, since most of the real effect is stretched over future years source
- » So, what the hell can John Boehner do now? This recent analysis, if it’s both correct and widely disseminated, could have huge implications for the GOP going forward. Since becoming Speaker of the House, the contortions Boehner has made to try to appease the Tea Party contingent have been obvious and striking — it’s clear that his fiscal conservatism is less their sort and more that of establishment Republicanism, by which I mean he doesn’t really care about spending cuts in any significant measure. The $38 billion figure itself was but a minute fraction of the federal deficit, and Boehner looks really ineffective after if these numbers stick. Will the Republican and Tea Party marriage begin to splinter over news like this?