Sen. Charles Schumer, D-N.Y., said Friday that Republicans are agreeing to fewer cuts, while Democrats are agreeing to more.
“We’ve come a long way. I think we’re very close to an agreement. We’re very close to a number that could be agreed on,” House Democratic Whip Steny Hoyer, D-Md., told Fox News last week.
Agreement eh? In other words, you’re not serious.
Republicans originally called for $100 billion in cuts, later producing a plan that actually would cut $61 billion from last year’s levels. The first stopgap passed this year achieved $4 billion in cuts, and the second stopgap achieved $6 billion in cuts. Now, lawmakers are arguing over the remaining $50 billion.
Which is 2.9% of the deficit.
This is not serious. $100 billion is a joke; that’s less than 6% of last year’s deficit, and likely closer to 4% of this year’s, which is likely to top $2 trillion (that’s 2,000 billion for those of you who can’t count.).
Here’s reality for both sides of the aisle from one of the original Tea Partiers:
CUT $500 BILLION THIS YEAR AND $500 BILLION MORE NEXT YEAR – OR GET FIRED.
Oh, and there’s another $500 billion to go after the 2012 elections too. But to get the chance to do the third round you have to do the first two, or you lose your jobs.