January 31, 2013
What Can We Cut to Balance the Budget?
Prof. Antony Davies argues that there are not specific cuts that will enable government to balance the budget. He says, "Nothing less than a redesign will solve this problem." That redesign should begin by determining what the proper role of government is.
Prof. Antony Davies shows how even if the U.S. government cut all government services except Social Security, Medicare, Medicaid, and payments on the debt, federal spending would still outpace revenues.