The 'savings' in the fiscal cliff deal
...Well we did increase taxes enough to pay for 13 days of spending. Democrats, who refuse to discuss spending cuts, have to be the most unserious thinkers in the world. The entire fiscal cliff package pays for 13 day, 10 hours and 38 minutes worth of government spending and Obama has the gall to call it deficit reduction.
No epiphanies in Washington: The Congressional Budget Office estimates that the latest triumphant deal includes $2 billion of cuts for fiscal year 2013. Wow! That's what the Government of the United States borrows every 10 hours and 38 minutes. Spending two months negotiating 10 hours of savings is like driving to a supermarket three states away to save a nickel on your grocery bill.