So, now the congress is arguing about $4 billion in spending cuts. There have been proposals for $32 billion and $61 billion, and our leaders are arguing as if those numbers are meaningful.
In truth, they are just pissing in the wind.
Let’s look at just a few numbers:
The 2011 Budget is $3.83 TRILLION
The federal DEFICIT was forecasted to be $1.56 TRILLION in 2010 and $1.27 TRILLION in 2011. I’m not sure what it actually is, but for the sake of argument, let’s call it over $1.25 TRILLION. This is the amount of money our government will write checks we cannot cover.
Our national debt, which is changing by the second, is over $14 TRILLION
Let’s assume that the congress actually was able to pass and implement their $61 BILLION in cuts. That represents a whopping 4.8% of our DEFICIT SPENDING.
It represents a whole 1.6% of the Federal budget.
It represents an amazing 0.4% of our national debt.
So, what does this mean in real terms? Absolutely nothing. By cutting $61 billion, our leaders believe that somehow, we are too stupid to realize that they have done (and they haven’t even done that, yet) absolutely nothing. $61 billion is not enough to do anything.
Unless our leaders (and I use the term loosely) get their acts together and figure out that in order to bring our runaway spending under control means making REALLY hard choices, and actually do it, their chances of reelection in 2012 are dwindling quickly.
Personally, I prefer to see drastic cuts in anything not absolutely vital to our basic functioning. If that has to come with tax hikes, so be it.
But, to pretend that a measly $61 billion (which in all likelihood will end up being $4 billion) will make any difference whatsoever in the future fiscal soundness of our nation is much, much worse than a lie. It’s insulting to think that our “leaders” think we would pat them on the back for being so bold and cutting essentially nothing.