• 17% of the budget will be affected by the cap

• » Subject to cuts: Reports say that the departments of Housing and Urban Development, Justice, Energy, Transportation, Agriculture, and Health and Human Services will be affected by the cuts. Guess what, kids? D.C.’s about to have a three-year recession.
• » Unaffected by cuts: Social Security and Medicare (he couldn’t touch those even if he wanted), and organizations affected by military, veterans, homeland security and international affairs. The cuts only take on discretionary spending.

A douchey comment by Michael Steel:

• Given Washington Democrats’ unprecedented spending binge, this is like announcing you’re going on a diet after winning a pie-eating contest.
• Rep. John Boehner’s spokesman Michael Steel • Regarding the budget cuts. Considering the year of controversial spending that the Obama administration has just had, we imagine any cuts in the nature of this would be welcomed by the right. Or maybe they’ll make jokes about pie contests. We’ll see. source

• Note: in an earlier version of this story, we mistook Michael Steel for RNC chair Michael Steele. We apologize. We’re sure he gets that a lot. At least we’re not alone in making this boneheaded mistake.Thanks to Joel McDonald for correcting us below. Much appreciated.
  

• $50 billion amount of ad money floating around the Internet each year; much of it goes to Google
• $500 billion amount of ad money still floating around offline; in other words, there’s tons of room to grow source