PrintFebruary 23, 2010
How to Cut the Budget
This week the Tea Party conservatives launched their "Contract from America." And a group of conservative luminaries released the "Mount Vernon Statement." The former proposes to cut excessive spending, but doesn't say what, and the second is a noble expression of soaring generalities.If you wonder why bold conservative reformers are so timid, you need only to step over to usgovernmentspending.com and check out the gory details.United States Federal State and Local Government SpendingFiscal Year 2010Pensions: $0.99 trillionHealth Care: $1.09 trillionEducation: $1.04 trillionDefense: $0.90 trillionWelfare: $0.75 trillionProtection: $0.35 trillionTransportation: $0.27 trillionGeneral Government: $0.13 trillionOther Spending: $0.58 trillionInterest: $0.31 trillionTotal Spending: $6.50 trillionThese numbers tell us that when you talk about cutting excessive government spending, you had better be talking about the big four: Pensions (including Social Security and...(Read Full Article)
