I wouldn't have assessed it that way... Anyhow, there's three things that people are probably missing: 1. The U.S.'s problem isn't a revenue problem, it's a spending problem. Yes, revenue is down, but spending is up nearly 100% from 10 years ago. 2. The "cuts" that the Republicans weren't actually cuts by a reasonable definition. The Congressional Budget Office scores budgets on a ten year basis, with an assumption that the federal government will grow by 3-10% per year. The "cuts" that the Republicans got were actually reductions in the amount the federal government will increase, instead of spending less from one year to the next. If the budget was frozen at its current level for 10 years, the CBO would have said they planned on cutting something like 9.4 trillion dollars. 3. Congress can't bind future Congresses with their budget projections. The real amount the budget was reduced this year was about a billion dollars, and that's all that is guaranteed.