Cutting Expenditure is a Good Thing
by Jeffrey Miron on April 26th, 2011
3 Comments
The crucial question facing the United States is whether the current path of federal expenditure is vital to our economic well-being. If so, then the U.S. faces a grim economic future. This path implies an exploding national debt, and the taxation necessary to tame the debt would cripple economic growth. The U.S. would thus appear to have no good policy choices.
The right view of all the expenditure is different, however; the U.S. can slash it with minimal adverse effects. Many cuts, in fact, improve economic performance and thus make sense independent of the fiscal outlook.
Read the rest at RealClearMarkets.com.
Categories: My Blog
Hondo69
Some people support huge federal spending by stating the benifts of the expenditures with trickle down to the masses. They are, however, opposed to free markets that, by definition, allow their benefits to trickle down to the masses.
David
CATO Institute co-founded by billionare Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries, Inc., the second largest privately held company (after Cargill) by revenue in the United States.[2][3]
Jeffrey Miron, bought an paid for by Koch Industries, Inc.
Lee O. Welter
“Jeffrey Miron, bought an paid for by Koch Industries, Inc”?
If so, Charles and David Koch deserve even more credit for doing the right thing(s).