Smoke. Mirrors. More Spending.
Remember the Calvin Trillin book in which he described how his wife would calculate the money they'd made by not buying certain things? A similar mentality is alive and well.
Mark Steyn expounds on the genius of the SuperCommittee on deficit reduction. An excerpt:
Come to think of it, didn’t the Second World War end in 1945? Could we have the CBO score the estimated two-thirds of a century of “budget savings” we’ve saved since ending that war? We could use the money to fund free master’s degrees in Complacency and Self-Esteem Studies for everyone, and that would totally stimulate the economy. The Spanish–American War ended 103 years ago, so imagine how much cash has already piled up! Like they say at Publishers Clearing House, you may already have won!