Thursday, November 17, 2011

On "Spending Cuts"

Right now the congressional "super committee" is negotiating over a series of (what Washington calls) "spending cuts".  What they won't tell you is that these are not cuts at all - they are reductions in the growth of government.

The truth is that even the "deepest" cuts being negotiated would cut less (far less as a matter of fact) than a simple spending freeze!!!

They are negotiating an estimated $1.2 trillion in spending reductions over the next ten years - a period in which government spending will automatically grow by somewhere around $6 trillion!!!  So a $1.2 trillion "cut" is actually a $4.8 trillion increase in spending!  By this logic, a spending freeze would be a 6 trillion dollar cut!!!

No wonder nothing gets done in Washington!