THE BUDGET: OBAMA VERSUS BUSH, AND THE GOAL FOR 2012

• BEFORE THE ELECTORATE AND THE TEA PARTY AND THE GOP GOT TO IT, OBAMA'S BUDGET FOR 2011 WAS JUST UNDER $3.7 TRILLION.

• BUSH'S LAST BUDGET FOR 1008 WAS JUST UNDER $3 TRILLION.

THEREFORE, WE NEED TO --- AND SHOULD BE ABLE TO --- CUT AT LEAST $700 BILLION IN ANNUAL SPENDING SO THAT THE 2012 BUDGET IS NOT MORE THAN $3 TRILLION.

ANYTHING LESS WILL BE VERY DISAPPOINTING.