According to news reports, Team Obama and House Republicans are at least $50 billion apart in the budget negotiations for FY2011. I'm willing to bet that Team Obama and Senate Democrats won't agree to even $20 billion in spending cuts.

And that's a far cry from the GOP's annualized $100 billion pledge-to-America mark, and an even farther cry from the hundreds of billions of dollars in cuts that are necessary over the next five to ten years.  As I recall, the Simpson-Bowles deficit commission suggested more than $1 trillion in cuts to the domestic discretionary baseline over ten years. I think the Paul Ryan plan would do the same.

Continued:  http://www.nationalreview.com/articles/261385/government-shutdown-so-what-larry-kudlow

Focus On Freedom

24Mar2011