An AP story is proclaiming that Republicans plan a $4T budget cut. Sounds great, doesn't it? Since the 2011 budget, if it ever gets passed, runs about $3.5T, this would require that all the money we've just given to Washington be given back, and all government employees be required to do some large number of hours of free community service.
There's a catch, of course, all this cutting is to be spread out over a 10-year period. Well, O.K. but the current proposed budget wants to spent $1.5T that we don't have every year into the foreseeable future. The Republican cuts would reduce the annual deficit to $500B/year for the next 10 years, but that's the difference between bleeding to death slowly from cutting your wrists, and bleeding to death rapidly from cutting your throat.
Still, it's a major impovement over the piddling $30B - $60B cuts currently on offer.
And, after hearing the wailing from the left over the rounding error adjustments the Repubs have proposed so fat, I imagine the screams of anguish will have the corpse of Torquemada smiling in his grave.
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