I've made this observation before, but the Cato Institute has released a new study based on current figures from the Congressional Budget Office ...

We can balance our budget within a decade if we simply capped spending at its current rate - by freezing the budget. Daniel Mitchell has run the numbers and he says, "If they freeze the budget, we almost balance the budget by 2017. If federal spending is capped so it grows 1 percent each year, the budget is balanced in 2019. And if the crowd in Washington can limit spending growth to about 2 percent each year, red ink almost disappears in just 10 years."

But as many of you know, balancing the budget is good, but that is not the entire game. Balancing a budget that is double the size in 2000 is admirable, but the fact is that it is still twice as large as it was in 2000.