“In twin strokes, President Barack Obama is calling on Congress to provide generous budget increases to domestic programs while proposing relatively modest cuts to wasteful or obsolete programs that just won’t seem to die. Officials said Wednesday that Obama’s promised line-by-line scrub of the federal budget had produced a roster of 121 budget cuts totaling $17 billion — or about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year. The details were being unveiled Thursday. Those savings are far exceeded by a phone-book-sized volume detailing Obama’s generous increases for domestic programs that will accompany the call for cuts.” (Associated Press, Thursday)
It’s the politicians’ world. They just let us live in it.
FEE Timely Classic
“Government Spending Must Be Cut” by Hans F. Sennholz
