News tonight is that Congress has reached an agreement on the debt:
In a conference call with his rank and file, Boehner said the agreement “isn’t the greatest deal in the world, but it shows how much we’ve changed the terms of the debate in this town.”
Changed? What has changed? The deal makes cuts totaling $1.2 trillion over 10 years.
Way to trim that budget, guys! When George W was president, Dems blasted him for the 2008 budget deficit: $485 billion. Obama’s latest deficit: $1.4 trillion. With the cuts suggested by today’s deal: $1.28 trillion, or more than 2 times the 2008 Bush deficit. Also, consider that since the cuts are to take place over ten years. This Congress and this President will have left office long before, meaning that the cuts will likely never actually happen.
Anyone who believes that either party has any interest in changing anything is rather foolish.