"[This is] the largest annual spending cut in our history. ... Today we acted on behalf of our children's future."
PRESIDENT OBAMA, IN A TELEVISED SPEECH, APRIL 8, 2011.
• • •
"Never before has any Congress made dramatic cuts such as those that are in this final legislation. The near $40 billion reduction in nondefense spending is nearly five times larger than any other cut in history ..."
U.S. REP. Hal Rogers, R-Ky., chairman of the House
Appropriations Committee, April 12, 2011.
Not quite two years ago, Republicans goaded by their newly elected Tea Party members had their first major showdown over federal deficits with the Democrat in the White House. At the last moment, a bipartisan, bicameral deal was reached that promised savings so huge as to justify the politicians' noble boasts. What wasn't to love?
Now comes the Washington Post's David A. Fahrenthold with a bracing autopsy on how this alleged fiscal frugality has played out. Fahrenthold, who covers Congress, writes that the agreement "turned out to be an epic kind of Washington illusion. It was stuffed with gimmicks that made the cuts seem far bigger -- and the politicians far bolder -- than they actually were. ... Today an examination of 12 of the largest cuts shows that, thanks in part to these gimmicks, federal agencies absorbed $23 billion in reductions without losing a single employee."