“Mandatory funding for two controversial bridge projects in Alaska–including the ridiculed lsquo;bridge to nowhere’–has been stripped from a federal spending bill, a congressional committee said on Wednesday.hellip; As a compromise, Alaska will still receive the money that had been set aside for the bridges to spend as it likes on transportation needs.” (Reuters, Thursday)
On Capitol Hill this is called budget-cutting.
FEE Timely Classic
“The Politics of Deficit Spending” by Hans F. Sennholz
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