Spending cut not much of a cut after all – 5% at most

“Spending: After months of talk about the nation's runaway debt, lawmakers managed to agree on a plan that, at most, will cut spending by a mere 5%. Is it any wonder federal spending is out of control?...

“...According to IBD's analysis of available budget numbers, the deal's $2.4 trillion in 10-year cuts amounts to a mere 5% trim off total projected federal spending during that time. It's like a 400-pound man boasting that he plans to drop 20 pounds over a decade, while his doctors warn about the risks of losing weight so fast...” - Investor's Business Daily