Never – ever – believe the “we’ll cut government spending” line

Lawrence Kudlow over at Investor Business Daily reminds us the federal government never, ever really “cuts spending.”

From Kudlow’s editorial today in IBD.

Here’s some friendly fiscal advice: Any time some Washington big shot like Ben Bernanke or Tim Geithner claims that immediate spending cuts in the debt deal will harm the economy — ignore them. Completely.

You know why? Because in this great country of ours, spending never goes down. Never.

Go read the entire post as it’s a good reminder as to what conservatives have been saying about the “budget” and budget process for years.

As a reminder, Connecticut keeps spending more and more as well.  Connecticut’s most recent two-year budget of $40.2 billion…

[I]ncreases spending by 2.14 percent in the first year and 2.32 percent in the second year as the state tries to close a massive deficit that was created in part by the sluggish economy and high unemployment.

There are no cuts.

The game that is played is that one program is “cut to the bone” which will be – of course – a disaster for the people who “depend on” the program, while at the same time another program picks up the slack and starts spending even more money.

5 replies
  1. Jim Vicevich
    Jim Vicevich says:

    Heartbreaking. Politicians and media control the narrative and the spending and the sheepeople swallow and follow. But… We are making progress because blogs and talk radio fight back.

    Geithner wants to make sure his bond buddies on the street keep their flow of cash making sure none of them are forced to ultimately move from the mansion on the Hamptons to a split level in Yonkers.

    The politicians just simply want to maintain their elite status.

    PULLLLLLL HARDER.

  2. ricbee
    ricbee says:

    My hope is that Obama has brought us a new realization of the mess we are really in. We must recognize that “Wall St” is not business,it is the Elite Hustlers fooling with our hard earned money,money that the Elite Media has convinced us that we should give them & Elite Government has assured us that they are watching for us. We must throw off the shackles of the Elite before we are further enslaved.

  3. TomL
    TomL says:

    They’ve overloaded the wagon and the wheels fell off. They don’t want to fix?it,?they want us to drag the wagon. I ain’t dragging the wagon. ?Don’t raise the debt limit

  4. Tim-in-Alabama
    Tim-in-Alabama says:

    The best response to someone talking about government spending cuts can be borrowed from Rep. Joe Wilson (R-S.C.): “YOU LIE!”

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