“amounting to a near-complete capitulation by Obama — Tea Party members went on Fox News to complain that it only called for $2.4 trillion in cuts, instead of $4 trillion. It was head-spinning.”
$2.4 trillion on $45 trillion in spending projections. It’s not even a real cut, its a 5% reduction in a ‘baseline’ that doubles the spending on the prior decade, and fills only a fraction of the $14 trillion hole we have to fill.
It is indeed head-spinning to imagine this massive Big Government spending as some huge victory for fiscal conservative position.
The liberals have lost it in more ways than one.
Headed into a brutal 2012 election campaign, 0 has just completely demoralized his base.