Sunday, November 7, 2010

Deficit Hawks on Steroids

Robert Kuttner, American Prospect
With the election of a Republican House, we can expect even louder calls to shrink government. These come linked to demands for a smaller deficit, though Republican pressure to extend the Bush tax cuts would increase the federal deficit by about $4 trillion over a decade.The only way to shrink the deficit and reduce taxes, of course, would be to massively cut government spending. Some federal outlay, such as the bloated military budget, is ripe for cutting. Other spending, disguised as tax loopholes, also deserves reduction. But for the most part, reducing spending in a deep recession...

Source: http://www.realclearpolitics.com/2010/11/07/deficit_hawks_on_steroids_245393.html

Ted Kennedy Thad Cochran Thomas Carper Tim Johnson Tom Coburn

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