All Commentary
Friday, February 11, 2011

Conflict Breaks Out over House GOP Spending Plan

“An already wobbly week for House Republicans turned chaotic Thursday as their unruly new majority flatly rejected a spending plan crafted by House leaders, saying its cuts fell far short of fulfilling a campaign pledge to slice $100 billion from federal programs.” (Washington Post)

Perverse incentives within politics are strong.

FEE Timely Classic
“What Spending and Deficits Do” by Henry Hazlitt