While many of us wish House Republicans would take a bigger whack at the federal deficit than they already have, Peter Wehner commends them for the seriousness of the cuts they have made so far:
At 4:40 a.m. on Saturday morning the House, by a vote of 235-189, passed a bill to cut $61.5 billion from this year’s budget. This level of cuts, which would be significantly higher if annualized, constitutes the largest reduction in non-security discretionary spending in history (the cuts are compressed into seven months rather than 12 because the fiscal year starts in October). It fulfills the pledge by House Republicans to cut domestic discretionary spending levels to 2008 levels (pre-stimulus and pre-bailouts).
He reminds us that the main reason Ronald Reagan failed to cut spending in the 1980s was that congressional Republicans balked — as they did in 2005 when then-President George W. Bush tried to reform Social Security. And while these cuts will only make a dent in the federal deficit, Wehner contends that “in less than a week” the House Republican caucus has shown “a level of fiscal seriousness and fidelity to limited government that is unmatched in our time. In the process it has shamed the president and his party, whose level of fiscal irresponsibility is also unmatched in our time.” Indeed. Read the whole thing.