Tuesday, January 04, 2005
A Big Pat On The Back For Congress
After seeing an increase of roughly 30% in discretionary spending over the past four years and without a corresponding increase in income (hell, we actually cut income!), we now have a weak promise to only increase it by 1%. That somehow has got a lot of folks thinking that this is the same as rolling-back spending, or at least they're celebrating like that's what's going on. If I stated that I was currently spending 50% more than I bring in, but I had a recovery plan that simply called for maintaining that level of spending over the next 12 months, would that get me high-fives all around? Then why are these bozos in Congress getting away with it?
Oh, but they're going to cut the deficit in half in the next five years. Yea! That only puts us in the hole by another $250 billion each year, and that doesn't include the costs of the War on Terror, prescription drug plans, or Social Security privitization. My head fuckin' hurts.
Oh, and for all that talk about military strength and so on, we're now staring-down a $55 billion cut in defense spending. Maybe it's the right thing to do. Maybe we're cutting programs that aren't needed now, but will be crucial in the future. But will we see any significant discussion on the impact that the war in Iraq might be having on our future military capabilities? Doubtful.