Spending Cuts Will Do Little To Temper Government Program Costs.

In a front-page story, the New York Times (8/3, A1, Appelbaum, Subscription Publication) reports that proponents describe the constraints in the debt-limit and spending plan as “necessary and significant. ‘We are actually cutting spending…that’s a big step in the right direction,'” said Rep. Paul D. Ryan (R-WI). Critics, however, are skeptical, pointing out that Congress “imposed similar limits on spending in the 1980s and ’90s, only to grant itself repeated exceptions.” They argue that cutting “specific programs would be a more credible strategy.” The plan “eliminates no program, consolidates no duplicative programs, cuts no tax earmarks and reforms no entitlement program,” said Sen. Tom Coburn (R-OK). Meanwhile, assuming the economy “continues to grow, the affected government programs will receive an ever-smaller share of the nation’s resources.”

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s