Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

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!