Categorized | Headlines

George Will | "Fiscal cliff" just another excuse for Obama to waste money





Even Jonathan Swift, who said that promises and pie crusts are made to be broken, might have marveled at the limited shelf life of Barack Obama’s promise of a “balanced” deficit-reduction plan — substantial spending cuts to accompany revenue increases. Obama made short shrift of that promise when he demanded $1.6 trillion in immediate tax increases and mostly unspecified domestic cuts. He also promised to cut $800 billion from 10 years of war spending that will end in two years, which is like “cutting” $800 billion by deciding not to build a ski resort on Mars.

Year after year, the Democratic-controlled Senate, ignoring the law, refuses to pass budgets. Year after year, Washington makes big government cheap by charging Americans only $6 for every $10 of government services, borrowing the difference. And the biggest purchaser of U.S. government debt is not China but .?.?. the U.S. government, largely through the Federal Reserve. Yet what supposedly is horrifying is a sequester that would cut less than 3?percent of federal spending over the next decade?

More.



Comment Policy: The Editors reserve the right to delete any comments which in their sole discretion are deemed false or misleading, profane, pornographic, defamatory, harassment, name calling, libelous, threatening, or otherwise inappropriate. Additionally, the Editors reserve the right to ban any registered poster who, in their sole discretion, violates the terms of use. Do not post any information about yourself reasonably construed as private or confidential. Conservatives4Palin and its contributors are not liable if users allow others to contact them offsite.

Open Thread

Governor Palin’s Tweets