I am getting tired of reading about "the largest annual spending cut in our history", which has now become an obligatory tagline in stories about the just-concluded and soon-to-come budget battles. The alleged $39 billion cut represents about 1.1% of the Federal government's 2010 outlays. Is that really the biggest cut ever?
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"The largest annual spending cut" -- compared…
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I am getting tired of reading about "the largest annual spending cut in our history", which has now become an obligatory tagline in stories about the just-concluded and soon-to-come budget battles. The alleged $39 billion cut represents about 1.1% of the Federal government's 2010 outlays. Is that really the biggest cut ever?