The trouble is that procrastination is never a credible plan. If Congress avoids doing even a little budget pruning right now, why expect it to do much more later? Promises to do something unpopular in the future could easily be undone by a future Congress, just as Congress repeatedly undoes the supposedly credible “doctor fix” (an absurd pledge to slash Medicare payments to physicians).” Read more.
“Put Off Badly Needed Budget Cuts? Austerity Doesn’t Mean No Growth”
Via the Cato Institute, January 14, 2011.
Image by Giovanni Sades / FreeDigitalPhotos.net.