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April 12, 2011

There’s simply no way to spin the budget deal as a victory for fiscal sanity

Politics is the art of the possible. -- Otto von Bismarck

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable. -- John Kenneth Galbraith

If $38 billion out of a $1.5 trillion budget shortfall is all that was possible, we’re done for.


Butler1776 said...

This comes nowhere near the 100 billion promised. I wonder what kind of hardships we will have to face as a nation before we realize that we have to pay the bills.

Tim said...

Indeed. The article I linked made the observation that the $38 billion was "the largest single spending cut in U.S. history". It's as if people are saying, "$38 billion is crazy enough -- how could anyone possibly want more?"

Obama thinks the cuts were $38 billion too much: "I would not have made these cuts in better circumstances," said he.

Of course, "the largest single spending cut in U.S. history" is chump change compared with the largest spending increases in American history.