John Ransom

There is a budget brokered,  at least until September.

That’s a big accomplishment considering the Democrats, running a one-party government, couldn’t get a budget introduced, yet alone passed, when they were the only brokers in power.

Somehow, the GOP, holding merely one house of one branch of government imposed it’s will on the rest of the government. Never have so few cut so much from so many government programs. That doesn’t happen unless someone has been given a mandate.

It’s not yet the finest hour, but it is a fine one nevertheless.  

While some folks decry the 2010 budget deal as too little, too late, don’t count me as one of them. Substantive spending reform can only happen if conservatives win the Senate or the White House in 2012.

That’s the way our system was designed; for gradual change, not revolution.  For those who feel the revolution has been betrayed somehow, I caution that revolutions in American politics are slow, fitful things that are evolutionary not revolutionary.

That’s how our founders intended it.

They understood how government works at a practical level. They didn’t want any government to get too carried away by hopey and changey rhetoric.     

There is a lot of credit to go around for the historic change on spending, but most of it should go first to voters who have said they are tired of the reckless outlays by the federal government. They didn’t buy Obama’s stock phrase about “investing” in government. 

And why should they? The U.S. has the finest free market in the world. Something of basic economics has rubbed off on most Americans, even if it seems to be lost on Obama. Americans know the difference between an investment and con eventually.       

For the first time in 46 years Congress has actually reduced the level of spending year-over-year. Without voters making it absolutely clear in townhall meetings and rallies and protests that they are taxed enough already, we’d be looking at higher spending most certainly.

John Ransom

John Ransom is the Finance Editor for Townhall Finance, host of Ransom Notes Radio and you can catch more of the best money advice and monetary commentary by him daily 10am PT, 1pm ET at or on Comcast Cable