I don't consider a $120 billion cut in annual spending to be "foolish". It's barely a drop in the bucket- less than 4% of our annual spending. So instead of spending $3.5 trillion each year, we only spend $3.4 trillion.<quoted text>
What we need to realize is that recovery, NOT the debt or yearly deficits, is the most important thing.
Foolishly cutting spending to serve the cause of an unnecessary and purely ideological need to "balance the budget" would be self-destructive.
At some point we've got to stop this nonsense; no time like the present.