All Commentary
Tuesday, August 2, 2011

Deal Won’t Cut Spending or Debt

“There is something you should know about the deal to cut federal spending that President Obama signed into law on Tuesday: It does not actually reduce federal spending. By the end of the 10-year deal, the federal debt would be much larger than it is today. Indeed, both the government and its debts will continue to grow faster than the American economy, primarily because the new law does not address federal spending on health care.” (New York Times)

The truth comes out!

FEE Timely Classic
“Save Us from Government Spending” by Sheldon Richman