The Case for Cuts

Chris Edwards, writing in the headline article for the Cato Policy Report, says,

“To avert a Greek-style fiscal train wreck, we need much larger spending reforms than the leaders of either party are currently talking about. Most experts agree that we need to reform Social Security and Medicare, but the reality is that we need to pursue cuts in every federal activity from A to Z – from agriculture subsidies to the National Zoo. We should cut entitlement benefits, aid to the states, subsidies to individuals and businesses, and military spending. In many cases we should eliminate whole programs, or privatize activities where possible to remove them from the federal budget altogether.”

Edwards is the director of tax policy studies at the Cato Institute and editor or www.DownsizingGovernment.org.