Wednesday, April 27, 2011

Uncle Sam: Busted - Robert P. Murphy - Mises Daily

Uncle Sam: Busted - Robert P. Murphy - Mises Daily: "As Lew Rockwell has said of any would-be budget hawks, tell me how much you want to cut spending this year — not ten years from now when someone else will be in office."

"So under the Ryan plan's own rosy forecast, the federal budget won't actually be balanced for almost three decades. Does that strike most readers as 'savage' budget cutting that recognizes the fiscal emergency upon us?"

"but the pattern is the same: the difficult choices only affect future politicians. The Republicans are not daring to tell voting seniors that their benefits will be cut today."

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