House Republicans unveiled a bold strategy to cut 0.017 percent from the $3.7 trillion federal budget this week. Republican Whip Eric Cantor unveiled the GOP’s “YouCut” website, which includes five possible spending cuts for citizens to vote on. Mr. Cantor promised to take the favored cut to the House floor next week for members to consider.
A Cato essay on special-interest spending explains how many federal programs deliver subsidies to particular groups of individuals and businesses while harming taxpayers and damaging the overall economy. A major reason why spending has spun out of control in Washington is that thousands of special interest groups have secured a slice of the spending pie, and they fight tooth and nail to make sure policymakers keep baking.
In a Washington Post article on the U.S. Postal Service’s continuing problems, Ed O’Keefe calls the USPS “a quasi-government agency enshrined in the Constitution but required by law to act like a business.”
As a fiscal wonk, I spend a lot of time digging through the federal budget looking at the spending trends in the biggest programs such as Medicare. But I’m often struck by the large amounts spent on the tiniest and most obscure activities. Eliminating any one of these tiny activities wouldn’t save much, but they are illustrative of a spending culture in Washington oblivious to the ongoing trillion-dollar deficits.
A new organization called Liberty in America has launched a nationwide “Liberty Bus” tour. The goal is to educate Americans across the country on the need to reduce the federal government’s role in our lives. Downsizing the Federal Government materials will be among the educational resources the Liberty Bus will be making available to concerned citizens.
One of the justifications members of Congress offer for earmarking is that the Constitution gives the legislative branch the “power of the purse.” Congressional earmarkers often denigrate the executive branch’s inability to effectively allocate funds. But just because the federal bureaucracy does an abysmal job of spending taxpayer money, it doesn’t mean lawmakers would do any better.