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.