YOU WANT A “SPUTNIK MOMENT?” HERE’S YOUR FREAKIN’ SPUTNIK MOMENT: US Budget Deficit to Pass $1.5 Trillion!

Instapundit » Blog Archive » YOU WANT A “SPUTNIK MOMENT?” HERE’S YOUR FREAKIN’ SPUTNIK MOMENT: US Budget Deficit to Pass $1.5 Trillion

This is really scary too.
Where’s the serious response?
And no, more of the same doesn’t count.
A 5% across the board spending cut — real year-over-year cutting, not a cut against projected growth — would only barely begin to count as serious.
Freezes and other flimflams don’t count at all.