The headline House approves dramatic cuts in federal spending in 235-189 vote
This all about $60 billion in cuts.
Dramatic is right. Dramatically underwhelming. If you recall we are talking about a $1.6 TRILLION dollar deficit and a $3.6 TRILLION dollar budget. Even prorated, we're talking less than $110 billion in cuts. Let's do the math, shall we? Yes, that's less than 7% of the deficit, and about 3% of the entire budget. And we won't even divide by the $110 TRILLION in unfunded liabilities of SS, Medicare, and drug plan because the % is going to hundredths of 1%. Wow, yes that's dramatic. A dramatic joke, and calling it dramatic seriously is why the WaPo, NYT and most other liberal rags are considered a joke by people that actually know what's going on.
But then, some big spending, big government clown will propose say, $52 billion in spending on a high speed rail project less than 5% of people will use and call that a great investment, and not much money at all. You can't have it both ways you hypocrites.
Dramatic indeed.
Sunday, February 20, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment