Sorting the Real From Phony Spending Cut Options

Fred Barnes, WSJ
Simple lessons from the presidencies of Franklin Roosevelt and Ronald Reagan point to what's likely to be the only successful approach to containing government spending in the Barack Obama era.In FDR's time, a surge in spending by Washington was a cornerstone of New Deal efforts to lift the country out of the Depression. But unemployment never dropped below 14% in the 1930s and rose to 19% by the end of the decade. "Now, gentlemen, we have tried spending," Henry Morgenthau, FDR's Treasury secretary, confessed to House leaders in 1939. "We are spending more than...

Source: http://www.realclearpolitics.com/2011/07/08/sorting_the_real_from_phony_spending_cut_options_258907.html

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