Spending Can Be Cut Our Way, Or Europe's | Jagadeesh Gokhale | Cato Institute: Commentary

Spending Can Be Cut Our Way, Or Europe's | Jagadeesh Gokhale | Cato Institute: Commentary: 'A recent International Monetary Fund analysis shows that closing deficits by raising more revenue tends to lead to deeper recessions and slower growth. It's far better to follow the example of Canada's mid-1990s reforms, which involved just $1 in tax increases for every $7 in cuts, and which resulted in strong economic performance over the next decade.'