Look, I appreciate all the efforts Republicans are making to trim some fat off the federal budget. And in normal times, I would commend them. Indeed, today, I laud their efforts, but I’m beginning to wonder if they fail to appreciate the task at hand.
You see, the federal government has a deficit of well over one trillion dollars, well, actually closer to 1.5 trillion . And one of the leading Republican budget hawks, the fetching chairman of the House Budget Committee has proposed cutting the federal budget by $74 billion. But, Senate Majority Leader Harry Reid will have none of that, calling the Wisconsin Republican’s plan “unworkable” and “more draconian than we originally anticipated”. Um, Harry, doncha think trillion-dollar deficits are kind of, you know, um, well, “unworkable.”
“If they think,” Glenn Reynolds quips, “that cutting a mere $74 billion out of the bloated federal budget is ‘draconian,’ they’re really out of touch with reality.”
One legislator show does seem in touch with reality, at least in matters budgetary, is Senator Rand Paul (R-KY). Taking a “bowie knife to the federal budget,” that first-termer has proposed slicing $500 billion from the federal budget. (Via Instapundit.)
Now, I don’t agree with all the cuts Senator Paul would make, but at least he’s putting forward the truly draconian level of cuts the federal government must make to put its fiscal house in order. What Harry Reid calls draconian is really just scraping at the edges.
And the Kentucky Republican’s draconian cuts would only reduce the deficit by one-third its current amount.
UPDATE: Good news. Paul Ryan’s proposed $74 billion cuts (which Harry Reid calls “draconian”) are only just the beginning:
From Ryan’s perspective, however, the cuts are only the beginning. “This is just a down-payment by Republicans to get spending under control,” he said in a statement. “House Republicans will continue to tackle the country’s fiscal problems by advancing spending cuts and spending reforms, and by charting a new course with a new budget for the upcoming fiscal year.”