Line-Item Veto Is No Quick-Fix | Gene Healy | Cato Institute: Commentary

Line-Item Veto Is No Quick-Fix | Gene Healy | Cato Institute: Commentary: "A recent Federal Reserve journal article summarizes the state research: 'There is no statistically significant effect on the budget in the long run.' Instead, the state [Line-Item Veto] 'simply alters the composition of spending.'"

"during the two years President Clinton had enhanced veto power, he cut under $2 billion from a multitrillion-dollar federal budget."

"We'd all like to have a mechanism to knock out earmarks. But bridges to nowhere aren't breaking the bank. Our problems, as always, are entitlements and defense, which make up over two-thirds of the federal budget."