Rush Limbaugh: “I see an absolute, total waste of effort, a total waste of time.”

(Correction: This was not Limbaugh, but a letter by Sen. Rand Paul that he was reading.)

An excerpt from his monologue Tuesday:

At best, it slows us from going over it at 80 mph to going over it at 60 mph. This plan never balances. The President called for a “balanced approach.” But the American people are calling for a balanced budget. This deal does nothing to fix the overreaches of both parties over the past few years: Obamacare, TARP, trillion-dollar wars, runaway entitlement spending. They are all cemented into place with this deal, and their legacy will be trillions of dollars in new debt. The deal that is pending before us now, get this, adds at least $7 trillion to our debt over the next 10 years. Not $2.4 trillion; $7 trillion. The deal purports to “cut” $2.1 trillion, but the “cut” is from a baseline that adds $10 trillion to the debt….

We could prepare a budget that is a freeze next year that doesn’t spend a dime more than this year, and it would be scored as a nine and a half trillion-dollar cut because of the baseline, because of how the budget is expected to grow. This deal, even if all targets are met and the Super Committee wields its mandate, results in a BEST case scenario of still adding more than $7 trillion more in debt over the next 10 years.

- end of initial entry -

Steve W. writes:

Sounds like Rush was reading Rand Paul’s “open letter” from earlier this week.

Posted by Lawrence Auster at August 03, 2011 12:22 AM | Send

Email entry

Email this entry to:

Your email address:

Message (optional):