spending cuts
Local Media Fuels Anti-Sequestration Cuts Hysteria
Those Phantom Spending ‘Cuts’ from 2011
Exposing the Absurdity of Washington’s Anti-sequester Hysteria
'Unthinkable, Draconian' Spending Cuts
Budget Zombies
Boehner’s Bogus Debt Ceiling Line in the Sand
Promises to Restrict Future Spending are Worthless
It appears likely that congressional Republicans are eventually going to accept a tax increase in exchange for real spending cuts smaller spending increases in the future. If and when that happens, Speaker Boehner should surround himself with Santa Claus, the Easter Bunny, and the Tooth Fairy at the press conference on the deal.
With Purge, GOP Leadership Reaches New Low
In December 2010, I wrote that “An indicator of the incoming House Republican majority’s seriousness about cutting spending will be which members the party selects to head the various committees.” The final roster ended up leaving a lot to be desired from a limited government perspective.
Romney Runs from Spending Cuts
According to the Associated Press, Mitt Romney supports postponing the sequestration cuts scheduled for January 2, 2013 by at least one year:
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).