Reply #16: So between Obama and the Teabaggers, the total amount of the cuts is $178 billion [View All]

[Pryderi]

http://firstread.msnbc.msn.com/_news/2011/04/08/6436913-we-have-an-agreement-

In a joint statement, Boehner and Reid said:

“We have agreed to an historic amount of cuts for the remainder of this fiscal year, as well as a short-term bridge that will give us time to avoid a shutdown while we get that agreement through both houses and to the President. We will cut $78.5 billion below the President’s 2011 budget proposal


http://www.huffingtonpost.com/2011/02/13/obama-budget-proposal-cut_n_822689.html

Obama's new budget puts forward a plan to achieve $1.1 trillion in deficit reductions over the next decade, according to an administration official who spoke to the Associated Press on condition of anonymity in advance of the formal release of the budget.

Those reductions -- averaging just over $100 billion each year -- are achieved mainly by squeezing social programs.