20
Sep
2005

Republican leaders seek no major spending cuts and have no plan to end the deficit

Offset opportunity
Cato Institute
by Chris Edwards

09/20/05
Offset opportunity

09/20/05

As Hurricane Katrina's financial costs continue rising, Republicans have been reluctant to offset disaster aid with restraint elsewhere in the budget. President Bush offered no spending offsets in his Thursday address. House Majority Leader Tom DeLay recently said the budget was already 'pared down' and challenged critics to show him possible spending cuts. Fiscal conservatives didn't used to have to tell Republican leaders where to cut -- Mr. DeLay and others were leading the charge. In the 1990s, high deficits and bloated government prompted the GOP to push for cuts to dozens of programs. They achieved some restraint and passed a budget in 1997 to bring the deficit down to zero. Republican leaders today seek no major spending cuts and have no plan to end the deficit. Why not?

//www.cato.org/pub_display.php?pub_id=4820


Informant: Thomas L. Knapp
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