Wednesday, January 16, 2013

A. Barton Hinkle: Spending Cuts Are Mostly Fiction

Would you like to save $20,000 this year?     Of course you would. Here’s how: Plan a month-long vacation to Disneyland, and budget $20,000 for the trip. Then don’t go. Presto! You just “cut” your family budget by 20 grand. This sounds absurd—because it is. Yet that is precisely how Washington operates. A couple of weeks ago,       ... MORE

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