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Cut would have been spent in the future or you are retracting it from the past so it doesn't affect the baseline. >> greta: i dug into it and i understand what you're saying this is what the american people hear. 38 billion cut from spending whether it is promises in iou's in the future, whatever. now they see the actual spending reduction -- >> no, no. >> greta: and they are hearing it is nonpartisan. >> the cbo is saying outlays. everybody agrees even the cbo report says outlays cut by 38 billions. however, by september 30th, there will be only 352 million dollars in cuts from the baseline s...

Cut would have been spent in the future or you are retracting it from the past so it doesn't affect the baseline. >> greta: i dug into it and i understand what you're saying this is what the american people hear. 38 billion cut from spending whether it is promises in iou's in the future, whatever. now they see the actual spending reduction -- >> no, no. >> greta: and they are hearing it is nonpartisan. >> the cbo is saying outlays. everybody agrees even the cbo report says outlays cut by 38 billions. however, by september 30th, there will be only 352 million dollars in cuts from the baseline s...