But Wisconsin’s new senator voted "yes"… even though the
measure would had added $7.2 billion to the federal deficit over ten years,
according to the Congressional Budget Office (CBO).
For Baldwin, apparently a "balanced" approach to deficit reduction means raising both taxes… and spending."CBO estimates that S. 388 would increase direct spending by $62.4 billion and revenues by $55.1 billion over the 2013–2023 period. Thus, the cumulative deficit would increase by $7.2 billion from those changes," CBO wrote in a report.
The Democratic bill would replace the $85 billion in automatic cuts scheduled to take effect on Friday with a mixture of tax increases and spending cuts to defense programs and farm subsidies. However, those spending cuts would be phased in over a ten-year period, whereas the sequestration cuts would occur this year.


