Now that the dog and pony show surrounding last week’s budget brinkmanship is over, it is more clear than ever that neither political party truly grasps the magnitude of the government’s spending problem (or they do, but do not care).
$38 billion is a rounding error on the President’s proposed $3.8 trillion budget. Now members of each party are patting each others’ backs for successfully bamboozling the American public.
Before the compromise, the OMB projected President Obama’s FY2011 budget would grow by 10.5% over FY2010. After the compromise, it will still grow by 9.4%.
In essence, the compromise did nothing to reduce the size of government. It merely slowed its growth rate by a paltry 1%.
At this rate, government is expanding more than 3.2 times faster than The Economist Intelligence Unit forecasts the American economy will grow in 2011.
Our political leaders are failing us.
They are not serious about cutting spending. It is now clear that both Republican and Democratic politicians are focused on nothing but self-preservation and expansion of government power and influence. The drama and brinksmanship were nothing but a distraction that lulled the American people into a false sense of security.
Enough is enough.