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Why Washington Only Cut $38 Billion from Federal Spending

Saturday April 23rd, 2011   •   Posted by David Theroux at 5:12pm PDT   •  

In the following, insightful, new video, Independent Institute Research Fellow Benjamin Powell reveals “Why Washington only cut $38 billion” recently from federal spending because as public choice economics shows, special interests prevail over the average citizen by utilizing the political process to redistribute wealth and power from the many to the few (and costs and liability from the few to the many), so long as understanding of this predatory process remains little known.

Fortunately, the general public is increasingly becoming aware of the reality of such abusive political power in the new grassroots movement against Washington’s profligacy.

For the Government Cost Calculator’s alternative budget for the federal government that would reduce spending by 2/3 and produce a $1.3 trillion surplus for the current fiscal year, please go here.

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April 2011