100 Economics Question of the Day: An Intermittent Blog: Redefing Austerity

Tuesday, March 07, 2006

Redefing Austerity

Pence-Wise, Quid-foolish

Pull quote:
Senior aides say the conservatives' plan would wring about $350 billion from Medicare, Medicaid and other social programs and save $300 billion partly through a major reorganization of the Education, Commerce and Energy Departments.


Because taking medical care from the poor and infirm, cutting education, and energy research is always a win-win situation with economic growth--not to mention with voters. (Explanations of how Commerce made the list would be welcome.)

And, in the "you needed a laugh" category:
...[A] push by some Republicans to re-establish themselves as champions of fiscal restraint...as President Bush struck a similar theme on Monday by asking Congress to grant him line-item veto power to eliminate federal spending that he might judge wasteful.

Because he has always walked the ground of fiscal responsibility, as reflected by his never having used his current veto power despite "the growing practice by lawmakers of inserting spending for pet projects into legislation — a practice that has figured into continuing corruption scandals."

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