Post by RS Davis on Oct 28, 2003 8:01:21 GMT -5
[glow=red,2,300]Dr. Ron Paul Wrote:[/glow] The entire process is like an arms race, a continuous upward spiral. There is zero incentive to control spending. In fact, each annual budget serves merely as a baseline for the next year. The question is not whether the budget will go up each year, but only how much it will go up. Federal agencies scramble to spend every last penny given them to better justify annual increases.
But who decided the federal government absolutely must spend more and more each year? Why can’t spending be reduced, even if only by a few percent? Imagine how much capital would be unleashed into the productive private economy if government spent just one percent less each year over the next ten years. Does anyone seriously believe there is not ten percent worth of fat that could be trimmed from the federal budget? Today’s government astonishingly spends more than twice what it spent just in 1990. As commentator Lew Rockwell points out, did we really think government was painfully small then?
But who decided the federal government absolutely must spend more and more each year? Why can’t spending be reduced, even if only by a few percent? Imagine how much capital would be unleashed into the productive private economy if government spent just one percent less each year over the next ten years. Does anyone seriously believe there is not ten percent worth of fat that could be trimmed from the federal budget? Today’s government astonishingly spends more than twice what it spent just in 1990. As commentator Lew Rockwell points out, did we really think government was painfully small then?
- Rick
