28
Okt
2005

Overspending causes and cure

Washington Times
by Donald Lambro

10/27/05

Perhaps no issue, outside of Supreme Court nominee Harriet Miers, has angered conservatives more than the growth in federal spending during George W. Bush's presidency. Granted, Mr. Bush began his tenure by effectively slashing more than $1.4 trillion from the government's 10-year revenue projections through his tax cuts. Few of his critics see this as a spending cut, but if those tax cuts had not been passed, that money would have been spent, instead of remaining in the private sector where it fueled investment, job-creation and economic growth. That growth has paid off handsome dividends in the form of increased tax revenues that this year shrank the federal budget deficit by $100 billion. Still, there is no getting around the fact that spending has risen over the last five years, in many areas dramatically. But are the increases excessive or is there a reasonable justification for much of it?

//www.washtimes.com/commentary/20051026-095053-8703r.htm


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