According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of tax increases to spending cuts.

Matthew Boyle via Fiscal Cliff Deal: $1 in Spending Cuts for Every $41 in Tax Increases.

Related posts:

Woodward On the Sequester – Today’s Quote 1 of 2 It’s the Spending, Stupid! – Today’s Quote Geithner & Sebelius on Social Insecurity – Today’s Quote Arbeit Macht Frei and the Permanent Sequester