Do The Math: Putting the Super Committee’s Failure in Perspective

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Can't trim 2.6%?

Interesting budget-weenie item from the Weekly Standard website:

Across that whole decade, the CBO currently projects that the federal government will spend $45.77 trillion. The deficit [super] committee was charged with trimming deficit spending by just $1.2 trillion, which could have been achieved by cutting that $45.77 trillion in spending by just 2.6 percent…To be clear, this wouldn’t have resulted in an actual cut in federal spending. Instead, annual federal spending would still have been 24 percent higher (on average) over the next decade than it was last year. Really, the deficit committee didn’t need to cut spending at all (in relation to 2011 spending). It simply needed to shave 12 cents off of every dollar of projected increases in spending. Yet, in the face of a $15 trillion national debt, the deficit committee couldn’t figure out how to do even this. It couldn’t bear to force the federal government to make do with just $44.57 trillion over the next decade, instead of $45.77 trillion.