Cliff deal did little to reduce spending

One of the people who will either pay the debt or be harvested for amino acids by the Chinese

One of the people who will either pay the debt or be harvested for amino acids by the Chinese

That fat kid is just a tease; today’s Combat! is in fact mostly about charts and graphs. My brother sent me this wonky Wonkbook post about the deficit reductions achieved by the fiscal cliff deal. Both parties made a big noise about what they had accomplished, but in fact the spending cuts implicated in that agreement were paltry compared to those enacted by Congress in fiscal year 2011. About half of them came from the Budget Control Act, better known as the debt ceiling deal, better known as the time Congressional Republicans held a annual formality hostage and ultimately downgraded the credit of the United States. They did save a lot of money, though. Now who’s the party of intransigent theoreticians?

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