Two op-eds in the Washington Post today (here and here) continue the discussion about Jeb Bush’s recent comments to the House Budget Committee. As a co-testifier with Bush, let me give you my impressions of the hearing.
Chris Edwards
Food Stamp Republicans
Newt Gingrich had fun calling President Obama the “food stamp president,” but many Republicans are just as responsible for the exploding costs of this welfare state program.
Bipartisan Policy Center Rejects Bipartisan Budget Control Act
The Bipartisan Policy Center (BPC) has come out against bipartisan spending restraint. The BPC has issued a report highly critical of the sequestration spending cuts that were agreed to in the bipartisan Budget Control Act of 2011.
Farm Subsidies and Reverse Robin Hood
Liberals love to complain about Republican support for supposedly ”reverse Robin Hood” fiscal policies. Here’s Alan Blinder and Rachel Maddow, for example, pointing the finger at Paul Ryan and Mitt Romney, respectively.
Spending Cut Goal: 10% in Two Years
The new issue of International Economy has an article by Canada’s Liberal finance minister from the 1990s, Paul Martin, who succeeded in shrinking that country’s federal government. If a new President Mitt Romney wants to cut spending in Washington, Martin has some tips for him, such as cutting spending broadly, forecasting conservatively, and aiming to eliminate the deficit in a fixed time frame and sticking to it. (I’d also advise President Obama to follow the Canadian example, but he’s issued four budgets so far and seems to be more interested in following the Greek fiscal approach).
Mike Leavitt as Governor
Mitt Romney has chosen liberal Republican Michael Leavitt to lead his presidential transition team. A lot of commentary focuses on his “Obamacare-lovin” proclivities.
Corporate Welfare vs. Entrepreneurship
I testified today to Paul Ryan’s House Budget Committee regarding corporate cronyism and the opposite policy of free-market entrepreneurialism. Also testifying was former Florida Governor Jeb Bush.
Canada's Economic Reforms
The lead article in the new Cato Policy Report is entitled “We Can Cut Government: Canada Did.” The article reviews Canada’s economic reforms since the 1980s, which have included free trade, privatization, spending cuts, sound money, large corporate tax cuts, personal tax reforms, balanced federal budgets, block grants, and decentralizing power by cutting the central government.
$1 Million in Waste, but No Bathtubs
Occasional episodes of government mismanagement explode into big scandals, such as the General Services Administration’s party in Las Vegas that wasted more than $800,000.
Romney Needs Spending Cutters
The Washington Times today discusses whether Mitt Romney’s political and policy team is looking too much like George W. Bush’s team. The reporter quotes me in his article: