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Obama’s Proposed Cuts and the Scope of Government
Posted By Tad DeHaven On February 14, 2012 @ 4:50 pm In Government and Politics,Tax and Budget Policy | Comments Disabled
The president’s fiscal 2013 budget includes a 213 page document that contains 210 proposed cuts, consolidations, and other savings [1]. That sounds like a lot until one finds out that the alleged savings would only amount to $24 billion in a $3.8 trillion budget. Not only would the cuts do little to reduce the size of government, they would do nothing to reign in the scope of government.
The following are a few examples of what I’m talking about:
I could go on and on with examples but there’s no point. A glass-half-full type might say, “Well, at least the administration is proposing to cut something.” Unfortunately, the glass is nowhere close to being half full – it’s empty. The administration’s relatively paltry savings would still leave the budget with a projected deficit of $901 billion for fiscal 2013. And the deficit would only be smaller than last year because the government is projected to take in more revenue – not because the government would spend less. Worse, the federal government under this budget would continue to be an intrusive, metastasizing cancer on individual liberty and the economy.
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URL to article: http://www.cato-at-liberty.org/obamas-proposed-cuts-and-the-scope-of-government/
URLs in this post:
[1] cuts, consolidations, and other savings: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/ccs.pdf
[2] stop trying to pick winners and losers in the energy market: http://www.downsizinggovernment.org/energy
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