Tuesday, June 19, 2012

Spending Lies Run into Facts | Richard W. Rahn | Cato Institute: Commentary

Spending Lies Run into Facts | Richard W. Rahn | Cato Institute: Commentary: "Every president who has run for office since at least Richard Nixon, including even Mr. Obama, has promised to cut government spending when campaigning. And most members of Congress make the same pledge when running for office. Once they’re in office, their behavior almost always changes."

"President Reagan managed, with a partially Democratic Congress, to reduce spending during his last six years, after an increase in his first two years. And President Clinton, with the new Newt Gingrich Republican Congress, was even more successful in cutting spending during his last six years."

When the government is split between parties, spending is lowest.

No comments: