Remember, this is a Congress that has increased spending by 33% since President Bush took office in 2001. And we're not talking about national defense or anti-terrorism spending. We're talking about a one-third increase in garden variety domestic spending. This is also a Congress that passed the 2003 Medicare prescription drug bill, the single largest increase in entitlement spending since the Great Society programs of the 1960s. So there's not much credibility to be found on Capitol Hill when it comes to reducing the federal budget.There's more lying going on in politics than any element of society.
The proposed bill calls for such tiny reductions in spending that frankly it's shameful for Republicans to claim it represents a victory for fiscal conservatism. And it's equally preposterous for Democrats to claim it represents some great threat to precious entitlements. The dollar amounts contained in the bill are so insignificant that both parties are guilty of meaningless grandstanding.
The budget reconciliation bill reduces spending by a mere $5.6 billion in a 2006 budget of nearly $2.5 trillion. This represents just a fraction of one percent, a laughable amount. Does anyone seriously believe the federal budget cannot be trimmed more than this? Consider that the federal budget was only about $1 trillion in 1990, a mere 15 years ago- and government was far too large and too intrusive then. After all the talk about deficit spending, this is the best a Republican congress and Republican president can come up with? What a farce.
Saturday, November 19, 2005
Ron Paul Say the Cuts Are Too Small
Congressman Ron Paul reminds us that bull market in government spending is out of control: