Some austerity

posted by
July 28, 2011
National Review
by Michael Tanner  
Posted in Commentary

"'It is clear we must enter an age of austerity,' House minority leader Nancy Pelosi mourned as she endorsed Harry Reid’s proposal for raising the debt ceiling. Austerity? Really? The Reid plan would theoretically cut spending by $2.7 trillion over ten years. Even if that were true, it would still allow our national debt to increase by some $10 trillion over the next decade. But, of course, the $2.7 trillion figure is mostly fiction." (07/27/11)  


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