Spending Versus Cutting

http://www.futureofcapitalism.com/2011/04/spending-versus-cutting

Arnold Kling: "Somehow, we could ratchet up spending by hundreds of billions at the drop of a hat. Reducing spending by less than $100 billion becomes Armageddon."

Link via Russ Roberts at Cafe Hayek, which also has some good charts and some interesting comments, including one likening the spending increase to a fish hook that is hard to remove once the fish is caught.

by Editor  |  Apr 10, 2011 at 9:03 am Related Topics:  Government Spending receive the latest by email: subscribe to the free futureofcapitalism.com mailing list