Wednesday, November 02, 2005
What Passes for Fiscal Discipline
Here's CSM's story on the budget reduction plan now circulating on the hill. Not that I have strong feelings on this or anything, but it's an insult to the American people. First off, as a effort at fiscal discipline, it's a non-starter. You're looking a reduction of the deficit over the next five years by 2% (Senate) or 2.5% (House). Completely inconsequential. And the House bill appears to be laser-targeted at items sure to infuriate liberals: student loans, child support enforcement, food stamps, etc. Then, just for fun, they tacked on the ANWR thing. And these people are still talking tax cuts... The only thing that infuriates me more than the federal government ignoring half trillion dollar deficits is that when they actually apply time and effort to dealing with it the results are a sick joke. This bill is a slap in the face to anyone who cares about actual fiscal discipline. Fortunately for proponents of the bill, that appears to be a vanishingly small number of people, and none that they are at risk of encountering in Congress.