Every time I see this level of handwringing, I have to laugh; and keep on laughing.
Over the next ten years?
ha ha.
Omugabe spends that much money that he doesn't have EVERY FREAKIN' YEAR!
I won't be grabbing the champagne to celebrate any time soon.
Assuming ANY cuts actually happen.
If anything gets cut, I'll buy the sparkling wine. I figure I'm safe with that bet.
/johnny
I hear ya.
Although I recognize that Paul Ryan shows more concern, and makes more of an effort to trim the budget than most people in Washington, the “draconian” cuts that he proposed amounted to $50B a year — his plan was $500B over 10 years. The media called him a crazy man who wanted irresponsible cuts.
Fact is, Paul Ryan didn’t go nearly far enough. I have never considered his plan (as “draconian” as it is) to be a serious attempt at controlling the federal deficit.
If Obama spends over $1T a year that he doesn’t have, then the cutting (to the annual budget) needs to start well north of $1T. A year. Each year. For a start. Then we can move on to the really painful cuts.
He wants to cut everything except welfare, financial transfers, control over medical care and social engineering.
I didn’t see any cuts for environmental efforts, either, like the EPA.