April 17th, 2011, 01:41 PM #1
Deficit Fight Misses the Easy Stuff
Deficit fight misses easy stuff | detnews.com | The Detroit News
One thing not talked much about during the ongoing deficit reduction charade is the low-hanging fruit.
A business faced with cutting costs looks first for the waste and efficiencies in its operation. But government can never seem to pick those easy-to-reach savings.
So you had the silly spectacle of Republicans and Democrats hammering each other bloody over insignificant cuts to a few programs that produced a total savings of $38 billion — or $340 million, if you accept the Congressional Budget Office analysis. And when they were done, they danced across the Capitol declaring a victory over Big Government.
Meanwhile, already assigned to a shelf deep in the congressional archives, is a month-old report from the General Accounting Office that identifies in very specific detail up to $200 billion of waste and redundancy in the federal budget. That's about 10 percent of the dollars taxpayers send to Washington.
Obama: The rich have the Federal Reserve and the poor have Harry Reid... LOL. Life really is unfair!
April 17th, 2011, 04:37 PM #2Conservatives: "If the facts disagree with our opinion, ignore the facts -- or at least misrepresent them."
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