Some Fiscal Realism from Tom DeLay
The Washington Times notes that DeLay declares victory in war on budget fat:
House Majority Leader Tom DeLay said yesterday that Republicans have done so well in cutting spending that he declared an “ongoing victory,” and said there is simply no fat left to cut in the federal budget. Mr. DeLay was defending Republicans’ choice to borrow money and add to this year’s expected $331 billion deficit to pay for Hurricane Katrina relief. Some Republicans have said Congress should make cuts in other areas, but Mr. DeLay said that doesn’t seem possible. “My answer to those that want to offset the spending is sure, bring me the offsets, I’ll be glad to do it. But nobody has been able to come up with any yet,” the Texas Republican told reporters at his weekly briefing. Asked if that meant the government was running at peak efficiency, Mr. DeLay said, “Yes, after 11 years of Republican majority we’ve pared it down pretty good.”
I suspect that had John Kerry been President, his Treasury might be closer to the positions held by Congressman Jeff Flake or even American Conservative Union Chairman David A. Keene. But let’s get real – we are not about to significantly reduce the massive Federal budget deficit with spending cuts alone. Does this mean Congressman DeLay is conceding the obvious point – the Bush tax “cuts” are merely tax deferrals?