Last Friday, Republicans and Democrats reached a historic agreement. Over the next 10 years the approved cuts will result in savings of over $500 billion, or $38.5 billion this year.
To put this is perspective, in the month of march our government spent $189 billion more than it had. So this month we can expect that they'll only dig the deficit hole $185 billion dollars deeper. Total spending in march was $1.118 trillion. So Democrats are wailing and gnashing their teeth, and republicans beaming in pride over a 0.3% reduction in the budget. This whole budget battle is nothing but theater. Even the “extreme, far right” tea party reps only wanted a 0.6% cut to the budget. If you believe in small government, I'm not sure that you have any representation in Washington right now.
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