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  • Editorial: $33 Billion In Budget Cuts? Chump Change

    03/31/2011 5:15:16 PM PDT · by Kaslin · 12 replies
    Townhall.com ^ | March 31, 2011 | Staff
    Budget: Congressional negotiators have trumpeted a "breakthrough" in budget talks that will yield $33 billion in spending cuts. Sorry, but we're not impressed. We've done the math on this, and the $33 billion in cuts amounts to just 0.89% of expected spending of $3.7 trillion this year. It is just 2.2% of the deficit. In short, it's a pittance, so minuscule in the grand scheme of things it can't be taken seriously. Put another way, the deficit this year will equal 40% of the budget. This "cut" would reduce that to 39%. It's not enough. What's dispiriting is that Republicans...