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Larry Kudlow | Note to GOP: Cut spending or lose House in 2014





OK, it’s official. According to the Treasury Department, the U.S. debt jumped to $16.1 trillion in 2012 from $14.8 trillion in 2011. That’s a $1.3 trillion deficit for the last year. Remarkable. During President Obama’s first term, the federal debt rose by roughly $6 trillion.

Now, if they are bold, House Republicans will take advantage of these dismal numbers. Bold means bold spending cuts, as in cut spending like there’s no tomorrow. Bold means implementing the $1.2 trillion spending sequester. Bold means an absolute rock-solid commitment to spending cuts.

A new Rasmussen survey shows that 62 percent of Americans favor across-the-board spending cuts. That includes every program of the federal government, according to the survey.

So Republicans can persuade the public about bold spending cuts. They can make it their key message and central marketing strategy. If they don’t, they risk losing the House in 2014.

Voters are smart. Another Rasmussen poll shows that 68 percent of Americans say cutting government spending is the solution to our economic problems. Support for cutting government spending has generally remained in the high 60s to low 70s over the past couple of years. Voters realize full well that a private, free-enterprise economy that holds on to more of its hard-earned money while the government share of the economy shrinks is pro-growth. Limited government is a tax cut.

More.



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