Our Spending Problem
9:05 AM, Nov 22, 2011 • By JEFFREY H. ANDERSON
Even in its failure, however, the deficit committee still did better than President Obama, whose budget not only wouldn’t have cut spending one dime versus current projections but actually would have increased it — by $402 billion (see table 1-1). So, even in failure, the deficit committee improved upon the president’s offering by 12 figures.
Why did the committee fail? Because when Republicans and Democrats are brought together to tackle the challenge of runaway federal spending, it’s like the sound of one hand clapping. Nearly $5 trillion in increased debt into the Obama presidency, only one party is making any real effort to bring our profligate spending under control.
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