In it, but not of it. TPM DC

Boehner's Debt Limit Plan Slashes The Deficit By...$1 Billion Next Year

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Newscom

Exempting war spending -- which goes untouched in Boehner's plan -- the legislation would reduce spending by only $5 billion next fiscal year. And its impact on the deficit is even less -- a paltry $1 billion.

This is a big part of the reason House Republican leaders are having such a hard time securing enough votes for this thing.