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News Link • Economy - Economics USA

The Spending-Cuts Scam

• robertringer.com

Political news junkies are all abuzz about the big November 23 deadline that the Joint Select Committee on Deficit Reduction (“super committee”) is up against.  The job of the twelve-member committee is to cut $1.2 trillion from the federal budget over the next ten years.

Only in Washington could anyone take a bad joke like this seriously.  Obama and his socialist allies in Congress increased the national debt by $4 trillion in three years, and the super committee’s big task is to cut $1.2 trillion over ten years?  Make that a very bad joke.  Oh, and by the way, the Democrats are fighting against even the $1.2 trillion figure.

What this is really all about is the Democrats’ new-baseline strategy, which is used to vilify opponents of increased government spending as cruel and calloused.  The far-left politicos in Washington continue to successfully push through legislation guaranteed to bankrupt the nation, then argue that their new gains must be preserved at all costs.

Makes one wonder how 300 million Americans managed to survive before Che Obama came on the scene — or, for that matter, George W. Bush.

Who buys into the new-baseline strategy ploy?  Unfortunately, a majority of congressional Republicans.  Remember all those big cuts Republicans worked so hard to get into the budget?  Psst:  It’s a scam!  As always, federal spending increased this year, even though we were assured that substantial cuts had been made.

 

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