How true. Smarting from his Massachusetts rebuke, Obama thought perhaps he might try to sound fiscally conservative, you know, move to the center, mollify the Tea Party people a bit. Smart. Well, smart politics but not a constructive move really.
The Cato Institute argues simply, "The federal government is spending too much, running large deficits, and heading toward a financial crisis. Total federal outlays increased 68 percent during the eight years of the Bush administration -- fiscal years 2001 to 2009 -- with large increases in defense, education, health care, and other areas."
Among other things, Cato's Chris Edwards suggests that "Congress should:
- Cut federal spending from 21 percent to 16 percent of gross domestic product over 10 years;
- Terminate, privatize, or transfer to state governments more than 100 programs and agencies, including those involved in agriculture, education, housing, and transportation;
- Reform Social Security by cutting the growth in government benefits and adding a system of private accounts;
- Cut Medicare spending growth and move toward a health care system based on individual savings and choice;
- Convert Medicaid into a block grant and freeze federal spending; and
- Impose a statutory cap on the annual growth in total federal outlays."