The Spending Piece of the Fiscal Cliff
futureofcapitalism.com

Stanford University economics professor John Taylor has an illuminating chart tracking federal spending as a percentage of GDP and proposing what he calls a "pro-growth budget." Somehow this spending piece of the federal budget problem seems to be getting a lot less attention in the press than the "tax the rich more" piece, though three noteworthy exceptions are a front-page New York Times article today that runs under the headline "Efforts To Curb Social Spending Face Resistance," a National Affairs article by David Armor and Sonia Sousa estimating that the government could save $167.8 billion a year simply by limiting spending on anti-poverty programs such as food stamps and Medicaid to families who earn no more than 130% of the federal poverty line, and a Wall Street Journal editorial today that says:

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The Spending Piece of the Fiscal Cliff
futureofcapitalism.com

Stanford University economics professor John Taylor has an illuminating chart tracking federal spending as a percentage of GDP and proposing what he calls a "pro-growth budget." Somehow this spending piece of the federal budget problem seems to be getting a lot less attention in the press than the "tax the rich more" piece, though three noteworthy exceptions are a front-page New York Times article today that runs under the headline "Efforts To Curb Social Spending Face Resistance," a National Affairs article by David Armor and Sonia Sousa estimating that the government could save $167.8 billion a year simply by limiting spending on anti-poverty programs such as food stamps and Medicaid to families who earn no more than 130% of the federal poverty line, and a Wall Street Journal editorial today that says:

Read More...