White House financial guru Austan Goolsbee just got off Fox News' "Your World with Neil Cavuto" with a whopper that he should've been challenged on. Goolsbee claimed that Republicans have no right to complain about President Barack Obama's historic deficit levels because they supported "multi-trillion dollar unnecessary wars."

I'm not sure about his use of the plural there. According to the standard narrative, even Democrats believe only one war started by the previous administration was "unnecessary" -- the war in Iraq.

For the record, the war in Iraq has cost over $660 billion to date. Afghanistan has cost an additional $186 billion. Combine the two and you still don't reach a trillion dollars -- let alone "multi-trillion."

You read those figures right. Six-plus years of war in Iraq hasn't cost as much as the TARP bailout.

And look how Obama's proposed spending this year alone matches up with what Iraq cost.

Obama's spending triples the total cost of Iraq in one year. And it gets worse every year out.

National Review Online's Jonah Goldberg made an important point about the Obama administration and Congress' talking points -- helpfully parroted by the media.

Republicans are hypocrites for suddenly caring about deficits.

Well, maybe. But then so are liberals for suddenly not caring about deficits. (That part always gets left out.)

Moreover, I don't get it. Republicans didn't care enough about the deficit when it went up a "little" under Bush (to pay for a war), therefore they can't complain when Obama sends it through the stratosphere (to pay for socialized medicine)? How does that work? If my wife spends too much on a shopping trip, does that mean she can't complain if I lose our house on a trip to Vegas?

Today, Obama ordered his cabinet secretaries to cut $100 million -- combined -- from their budgets.

Look at that chart above again. $100 million isn't even a pixel width on that chart. Making those cuts would cut this year's deficit (using the White House numbers -- let's be generous) from $1.75 trillion to $1.7499 trillion.

Big deal. This is the government equivalent of a kickback. If someone wants to give me a million dollars, I'll gladly "cut" $10,000 from from my take.