Sunday, November 14, 2010

No pain spending reductions

Newt Gengrich on NBC this morning said the he and Clinton had balanced the US budget for years without inflicting enormous pain upon the voters. Today, the Democrats (progressive tax and spenders, all of 'em) protest that Federal spending reductions just can't be done because of the pain involved.
I think Newt is onto something here. Just reducing health care spending from 19% of GNP to 9.5% of GNP (a feat every other country in the world has managed) would free up a river of money that would solve the deficit problem.
Could it be that the Democrats are attempting to keep their tax and spend policies in place by predicting intense pain if they are not continued?

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