Slowed But Not Stopped
Recorded on March 25, 2011
It's time for common sense; I'm Ernest Istook.
While businesses, state and local governments have cut back, Washington has not. Our $1.6-trillion annual deficit requires borrowing about 40% of the money that Uncle Sam spends.
So you'd think conservatives could succeed with cutting $61-billion, which is about 1.5% of spending. No, say President Obama and liberals in Congress. They claim our whole economy depends on government's ability to borrow money and spend it.
That's why you hear talk of a stalemate that creates a government shutdown. But that's a false label. Slowdown is a better description, because only about a fourth of federal workers would be furloughed. Key services like military, mail delivery, transportation security, food inspections, VA hospitals, even issuing Social Security checks, would continue.
Nobody wants a showdown, but is there any other way to stop runaway spending?
For common sense, from The Heritage Foundation, I'm Ernest Istook.