The Austerity Myth: Federal Spending Up 5% This Year

[dogtowner]

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To date, there is no legislation that lowers the budget, it only limits the increases. Its like saying you saved 2 million because you bought th4e Mercedes instead of the Bugotti.

When Republicans took control of the House in January, they pledged to make deep cuts in federal spending, and in April they succeeded in passing a bill advertised as cutting $38 billion from fiscal 2011's budget. Then in August, they pushed for a deal to cut an additional $2.4 trillion over the next decade.
Some analysts have blamed these spending cuts for this year's economic slowdown.
But data released by the Treasury Department on Friday show that, so far, there haven't been any spending cuts at all.

Eventually Washington will learn that they failed to let the sleeping dog lie and the dog is unhappy.