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Deroy Murdoch | Will Washington Ever Cut Spending?





Raul Castro is right.

The powerful brother of dictator Fidel Castro is almost always wrong. But he was perfectly right when he told comrades in Camaguey, Cuba: “No country has the luxury of spending more than it has.”

Even now, as America slouches toward the fiscal cliff, House Speaker John Boehner (R., Ohio) and leading Republicans seem ho-hum about limiting federal expenditures and restraining a government gone crazy. Obama and top Democrats are downright allergic to these concepts. Too bad this Cuban tyrant’s rare words of wisdom escape Washington’s spendaholics.

There are billions of ways to shrink the $3.8 trillion federal budget. Let’s start with these:

First, the Mack Penny Plan, created by outgoing Congressman Connie Mack (R., Fla.), would cut a penny from each dollar that Uncle Sam spends each year, for eight years. In 2013, Congress would spend 99 cents per dollar disbursed today; in 2014, 98 cents, etc. Rather than consume 24.3 percent of Gross Domestic Product today, federal spending in 2020 would be capped at 18 percent, just below the 18.2 percent at which Bill Clinton left it.

More.



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