The budget for the federal government is currently over $2.5 trillion. Just think about that for a second.
Now it gets worse.
Not too long ago, I attended a meeting on the Hill with several Republicans. They were very proud that they had proposed over $40 billion in budget cuts for FY 2006.
Then someone else at the meeting reminded them of two things. First, increases elsewhere more than negated their proposed cuts. Government was still going to grow. Second, $40 billion isn’t even a rounding error when you’re talking $2.5 trillion.
The Republicans were very offended when this was pointed out.
Then within two weeks, almost all of the proposed spending cuts were eliminated.
Now with the current round of hurricane relief spending, history is repeating itself almost exactly with the RSC’s “Operation Offset.”
So it goes.