Tuesday, March 8, 2011

Largest Monthly Deficit in History, Senate Can't Agree to ANY Spending Cuts


So says The Washington Times, here:

The federal government posted its largest monthly deficit in history in February, a $223 billion shortfall that put a sharp point on the current fight on Capitol Hill about how deeply to cut this year’s spending. ...

The Senate plans to vote Tuesday on competing proposals to cut spending, but Democrats have rejected GOP-backed cuts of more than $50 billion, and Republicans have ruled out Democrats’ cuts of less than $10 billion, meaning neither plan will draw the 60 votes needed to overcome a filibuster and pass.

The country should consider that when established institutions become incapable of resolving problems of such great significance, history teaches that time and again they are replaced, sometimes violently and at the expense of life and liberty.

Only the effete would pay such a price for intransigence.