Pubs Don’t Cut Spending. They Just Refuse to Pay Their Bills. Video.

October 12th, 2010

Ted K gives us this in the comments:

Un. B. Effing. Lievable.

Brad Delong (bold is mine):

As Milton Friedman liked to say, and as he did say when he — I am told — yelled at George W. Bush during his 90th birthday celebration at the White House — to spend is to tax. … If somebody claims to have cut your taxes without cutting spending, do not believe them: all they have done is to shift taxes forward into the future, and made taxes on current consumption lower while making taxes on long-term transfers of wealth into the future higher.
  1. J
    October 12th, 2010 at 16:08 | #1

    Wait a damn minute. Defense spending IS discretionary…or am I wrong? Did I miss something? Did the money that Halliburton and Boeing and McDonald Douglas at some point become an *entitlement*?

    Can someone tell Rep. Kevin McCarthy from California that Congress DOES have control over defense spending?

  2. October 12th, 2010 at 17:37 | #2

    J :

    Wait a damn minute. Defense spending IS discretionary…or am I wrong?

    Yeah that popped out at me, too. WTF? “Discretionary,” perhaps, but sacred, certainly.

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