At 11:45 on Friday night it was announced that a deal had been struck between Democrats and Republicans to fund the Federal Government through October 1, 2011. The deal cuts $38 billion from the current fiscal year budget. When combined with the $10 billion previously cut, the GOP succeeded in cutting about $13 billion short of their stated goal of cutting $100 billion over the fiscal year, pro-rated to $61 billion.
In fairness, the House of Representatives did also pass a three week continuing resolution to fund the government and extend the discussions for three further weeks which the Senate did not take up for a vote, instead allowing it to die. Hypothetically we could give the GOP credit for cutting $60 billion with attempt included. I’m not going to do that, largely because the stated goal was a grand total of $61 billion in actual cuts, not attempted ones. Those of you who follow me on Twitter and who read this blog also know that I am slow to hit the panic button, so I’m not going to do that either. Acting with my usual even temperament, I’m going to fall somewhere between blowing my top (as many of my fellow Tea Party Patriots are doing) and the irritating lauding of “working together to get things done” (as the wishy-washy “Moderates” are doing).