Cut The Federal Budget By Killing Republican Sacred Cows | Doug Bandow | Cato Institute: Commentary

Cut The Federal Budget By Killing Republican Sacred Cows | Doug Bandow | Cato Institute: Commentary: "Republicans are posturing as the party of fiscal responsibility, but they continue to protect their sacred cows. Unless the GOP is willing to slash corporate welfare and cut unnecessary military outlays, Republicans don't deserve to be taken seriously when they talk about fiscal responsibility."


"Today the national debt is $15.7 trillion—almost a 50 percent increase since January 20, 2009, when President Barack Obama took office."

"according to the CBO, the debt to GDP number is "only" 73.2 percent. It averaged 37 percent over the last 40 years."

"The Ex-Im Bank extends taxpayer-backed loans, loan guarantees and insurance to the clients of some of America's largest corporations, all of which have access to private financing."