Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The Truth About Spending Cuts: Separating economic myth from economic fact
Reason ^ | April 8, 2011 | Veronique de Rugy

Posted on 04/08/2011 5:14:02 PM PDT by Behind Liberal Lines

Myth 1: Spending cuts will derail the economy.

Fact 1: The academic literature shows that successful cases of fiscal adjustment relied overwhelmingly on spending cuts, not tax increases.....

Myth 2: We can’t balance the budget without raising taxes.

Fact 2: We can balance the budget simply by holding spending constant.....

Myth 3: Paul Ryan’s plan will dramatically cut spending.

Fact 3: Ryan’s plan reduces spending between FY2011 and FY2012. After that it reduces the growth of spending. But overall spending grows by $1.1 trillion over 10 years under Ryan’s plan.....

(Excerpt) Read more at reason.com ...


TOPICS: Editorial; Government
KEYWORDS: budget; economy; fraud; myth; paulryan; ryan; spending
The article's conclusion:

All things considered, Ryan’s proposal is a definite improvement over the Deficit Commission’s plan to increase spending by $1.6 trillion over 10 years and it’s also a big improvement over the president’s budget which increases spending by $1.9 trillion over the same period.

1 posted on 04/08/2011 5:14:09 PM PDT by Behind Liberal Lines
[ Post Reply | Private Reply | View Replies]

To: Behind Liberal Lines

Every dollar spent on PP saves 100 bucks in the long run. Eliminate EPA and increase funding to PP. If we spent as much on PP as EPA we would have 20% less Rats. They are like the Orkin Man.


2 posted on 04/08/2011 5:23:44 PM PDT by screaminsunshine (Obama Sucks)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Behind Liberal Lines

Basic human behavior.
Fight or Flight.
Common sense tells you that if this government tries to raise taxes, the revenue goes down a black hole. There is a never ending list on what ‘progressives’ could spend your money on. (it’s always someone else’s money).
That’s what made the Clinton/Gingrich deal appealing. They raised taxes, but they also cut spending. It was a promising proposition that ‘The era of big government was over.’
But I don’t think it would work again. Fool me once, shame on you. Fool me twice, shame on me. Thus the ‘risk takers’ have gone ‘Galt’.
This has to play out.


3 posted on 04/08/2011 6:59:02 PM PDT by griswold3 (Character is destiny)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Behind Liberal Lines

Basic human behavior.
Fight or Flight.
Common sense tells you that if this government tries to raise taxes, the revenue goes down a black hole. There is a never ending list on what ‘progressives’ could spend your money on. (it’s always someone else’s money).
That’s what made the Clinton/Gingrich deal appealing. They raised taxes, but they also cut spending. It was a promising proposition that ‘The era of big government was over.’
But I don’t think it would work again. Fool me once, shame on you. Fool me twice, shame on me. Thus the ‘risk takers’ have gone ‘Galt’.
how do you eat an elephant?
One bite at a time.


4 posted on 04/08/2011 7:00:00 PM PDT by griswold3 (Character is destiny)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Behind Liberal Lines; All

Help Keep FR The #1
Conservative Site
On The Web

5 posted on 04/08/2011 7:02:25 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Behind Liberal Lines

bookmark


6 posted on 04/09/2011 3:42:34 AM PDT by corlorde (New Hampshire)
[ Post Reply | Private Reply | To 1 | View Replies]

To: screaminsunshine

Should we have saved a hundred bucks on you?


7 posted on 04/09/2011 2:41:03 PM PDT by Diamond (He has erected a multitude of new offices, and sent hither swarms of officers to harass our people,)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Diamond

No you made plenty on me.


8 posted on 04/09/2011 2:51:19 PM PDT by screaminsunshine (Obama Sucks and so do the RINOS.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Behind Liberal Lines

Ryans plan is a halfassed plan!

Hundreds of departments should be eliminated and all the people that work for them fired!


9 posted on 04/09/2011 2:57:38 PM PDT by dalereed
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson