The Republican-controlled Senate passed legislation to cut federal deficits by $39.7 billion on Wednesday by the narrowest of margins, 51-50, with Vice President Dick Cheney casting the deciding vote.Don't forget -- the Senate passed more tax cuts for the rich just last month.
The measure, the product of a year's labors by the White House and the GOP in Congress, imposes the first restraints in nearly a decade in federal benefit programs such as Medicaid, Medicare and student loans.
So let's see -- tax cuts for the rich combined with cuts in federal programs that benefit the poor and middle class mixed in with an Iraq Debacle that continues to drain the treasury. Grover Norquist's dream of cutting government "down to the size where we can drown it in the bath tub" is definitely starting to come true.
George A. Akerlof, co-winner of the Nobel Prize in economic sciences, is right -- what the GOP is doing really is a form of looting.
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