Thursday, January 20, 2011

GOP brushes away some spending crumbs

Today, the House Republicans introduced the "Spending Reduction Act of 2011". They propose cutting $2.5 trillion over 10 years, or roughly $250 billion each year. Unfortunately, this is a deficit reduction measure, not a spending reduction. And I say that because until there isn't a deficit, Congress is still spending more than it receives in revenue, and nothing is accomplished other slowing the rate the national debt grows, and providing a wide range of re-election campaign fodder.

Call me when the deficit disappears. Then we can applaud.