Gillespie and de Rugy: To Revive Economy, Cut Spending Now

As the fiscal cliff standoff nears its ultimate year-end deadline, neither President Barack Obama nor Speaker John Boehner has seriously talked about making the sorts of spending cuts that recent economic research suggests would help spur near- and long-term growth while cutting the national debt.

That's not surprising, say Nick Gillespie and Veronique de Rugy, given how much government spending has grown while these two have been part of the federal government. But it's time they - and other legislators - learn the recent lessons from countries such as Sweden, Canada, and the U.K. (and post-World War II America) and get their fiscal act together.

GET REASON MAGAZINE

Get Reason's print or digital edition before it’s posted online

  • Video Game Nation: How gaming is making America freer – and more fun.
  • Matt Welch: How the left turned against free speech.
  • Nothing Left to Cut? Congress can’t live within their means.
  • And much more.

SUBSCRIBE

advertisement