Do cuts in funding for the arts worry you?

Can't help thinking that I've been to an awful lot of arts things, some of which were smashing, some of which weren't but I can't think of a single one that's had any kind of funding from government.

The only Arts Council-funded projects I've heard of have kinda been on Radio 4 profiles of people who don't make very interesting art. I dunno, is it really going to have such an impact?

Bear in mind I've not given this a great deal of thought.