Editing is the absolute bane of my existence. I loath it, I really do. Unfortunately, in writing, it is a necessary evil, and whether I want to do it or not I'm going to have to at some point. The problem is that there just always seems to be better things to do.
I greatly envy the professional authors who can hire other people to do their editing for them. I also envy them that they get paid for doing something which (I assume) they love, and that they're all richer and more successful than me, but lets just ignore all of that for the time being.
However, I am quite lucky in that I find my writing doesn't tend to need a drastic mount of editing or redrafting, though I really should go back and add in a little more description at some point.
More often than not, I can't really cut anything out because I find that there's nothing to cut. Should I ever be given a word-count quota, I seriously doubt I'd be able to meet it.
