“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Saturday, February 26, 2011

Perspective on Wonderboy's Budget "Cuts"

Former CBO Director Douglas Holtz-Eakins appeared on numerous media outlets since Wonderboy delivered his bloated 2012 budget. Having become a minor budgetary celebrity, Holtz-Eakins provides some objective viewpoints on this subject.

Here's one really bracing item that he's articulated. The so-called freezes in discretionary budget items called for by Wonderboy amount to something like 2-3% of the total budget. So, even getting by the fact that such alleged spending freezes are on top of 2011 amounts which are, in some cases, 25% above Bush-era levels, the imagined savings are basically a rounding error in the total federal spending proposed for 2012.

This is disgraceful.

And the federal debt continues to rise, which is the real, undeniable measure of a failure of the president's budget to address the federal government's excessive spending.

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