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?DRACONIAN? CUTS IN PERSPECTIVE: These cuts barely scratch the surface of our fiscal problems. W?

By Glenn Reynolds

“DRACONIAN” CUTS IN PERSPECTIVE:

These cuts barely scratch the surface of our fiscal problems. With deficits like those we?ve been running, a $100 billion-dollar cut is little more than a rounding error.

That said, I?m pleased the Tea Party has scored a major victory in pushing House Republicans to cut at least that amount ?in spending this fiscal year?, but that still leaves us with a deficit larger than any in the Bush years (when that good man?s detractors, including your humble bloggers, were faulting congressional Republicans for their big-spending ways). . . . Indeed, the deficit this year will be at least twice that of any comparable period when we had a Republican president and Congress. To be sure, these cuts represent a step in the right direction, but given the size of the deficit, they amount to little more than a few drops in a very, big bucket.

Indeed, but they also represent momentum. More perspective on just how small they are, though, is here.

Full post as published by Instapundit.com on February 12, 2011 (boomark / email).