According to IBD’s analysis of available budget numbers, the deal’s $2.4 trillion in 10-year cuts amounts to a mere 5% trim off total projected federal spending during that time. I
It’s like a 400-pound man boasting that he plans to drop 20 pounds over a decade, while his doctors warn about the risks of losing weight so fast.
UPDATE: a reader writes…
Regarding IBD’s analogy, it’s even worse than a 400 pound lardass boasting about losing 20 pounds over a decade … because in fact there will still be an even HIGHER deficit in 10 years, just not as high as it would have been before the deal.
So for accuracy IBD’s analogy should have been: “It’s like a 400 pound man boasting that he gained ‘only’ 200 more pounds over the decade, while his doctors pretend to be deaf and warn about the risks of losing weight so fast.”
The current national debt is approx. $14 trillion … in a decade under this deal it will rise by another $7 trillion = +50%, instead of the $10 trillion it was going to rise before the deal.
ONLY in Washington DC could increasing spending by $7 trillion over 10 years instead of $10 trillion be called a reduction.