Friday, March 11, 2011

If deficits matter

... and I say they don't. Not for the United States. We are the reserve currency. We have the strongest military. We are the engine of the world. We make the rules.

...but if they do matter then the Republican plan that Democrats find so objectionable is a joke:

Even if Republicans achieved their target for spending cuts this year, the 2011 deficit would still be on track to hit a record. Through the first five months of this budget year, government revenue totaled $869 billion. That was up 8.6 percent from the same period a year ago. Government spending totaled $1.51 trillion, a 4 percent increase.

So if Republicans and Conservadems are right, then we should be cutting hundreds of billions of dollars this year like Rand Paul offered or maybe even more.

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