Archive for January 1st, 2011

To Reduce U.S. Debt, Cut at Least 85% of Federal Government Spending


Saturday January 1st, 2011   •   Posted by David Theroux at 3:47pm PST   •   8 Comments

In an article in the Wall Street Journal, “The Right Way to Balance the Budget,” Andrew Biggs, Kevin Hassett and Matt Jensen report that new research of 21 countries over the past 37 years shows that to reduce government debt, a major reduction of spending must be adopted instead of higher taxes. On average,...
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