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If our elected leaders were responsible guardians of the public treasury, those officials proposing budget cuts more drastic than some dubbed “draconian” would be seen not skinflints, but as skinflints. These cuts barely scratch the surface of our fiscal problems. With deficits like those we’ve been running, a $100 billion-dollar cut is little more than a rounding error.
That said, I’m pleased the Tea Party has scored a major victory in pushing House Republicans to cut at least that amount “in spending this fiscal year“, but that still leaves us with a deficit larger than any in the Bush years (when that good man’s detractors, including your humble bloggers, were faulting congressional Republicans for their big-spending ways).
(Hill article via Instapundit.)
Indeed, the deficit this year will be at least twice that of any comparable period when we had a Republican president and Congress. To be sure, these cuts represent a step in the right direction, but given the size of the deficit, they amount to little more than a few drops in a very, big bucket.
*and then some.