CBO: Dems' Plan Falls Short, Too

...about $500 billion shy of goal

By Evann Gastaldo

Posted Jul 27, 2011 9:38 AM CDT

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Debt Ceiling Showdown: Congressional Budget Office Says Democrat Harry Reid's Plan Falls $500B Short of Goal — Senate Majority Leader Harry Reid, D-Nev., talks about the conflicting plans to deal with the debt crisis, at the Capitol in Washington, Tuesday, June 28, 2011. (AP Photo/J. Scott Applewhite)

Looks like the Republicans aren't the only ones whose debt ceiling plan falls a little short: The Congressional Budget Office says the Senate Democrats' plan would only cut the deficit by $2.2 trillion over the next decade, not the $2.7 trillion promised by Harry Reid, reports the Wall Street Journal. The CBO had similarly bad news for John Boehner's plan yesterday, which has added to the problems he's facing in gaining support for his plan. In need of some levity? Click for an amusing anecdote from yesterday's Republican talks.

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