Real Tax Increases and Fake Spending Cuts

I have many pet peeves, but one that causes me endless frustration is the Washington “spending cut” scam. This happens when politicians increase spending, but claim that they’re cutting spending because they previously had planned to make government even bigger.

The proposal unveiled yesterday by the Co-Chairman of President Obama’s Fiscal Commission is a good example. If you read through their report, it sounds like there are lots of spending cuts. But they never explain that these supposed cuts are really just reductions in previously-planned increases.

Read the rest of Dan Mitchell's article at
Cato-at-liberty.org

Filed by Grant Davies,
Regular Columnist, THL
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