Don't hold your breath waiting for the spending cuts

Bush says Gulf rebuilding requires spending cuts.

Oh Really, Mr. President?

Did you check with your House Majority Leader yet, who says there is simply no fat left to cut in the federal budget?

This Republican is tired of empty promises and is starting to look fondly on the good old Gingrich/Clinton days of divided government and declining deficits (see: Budget stats 1993 to 2000).

SHOW ME THE MONEY!