Over at Downsizing Government, we focused on the following issues this week:
- The Washington Post argues that both tax hikes and spending cuts will be needed to fix the government’s budget problem, but the Post’s conclusion is based on faulty one-sided accounting, only considering the recipients of government largesse.
- Federal hiring of the best and brightest imposes an “opportunity cost” on the economy by drawing talented people away from higher-valued activities in the private sector.
- Republicans were elected, in part, to help put the private sector back in the economic driver’s seat. To do so, Republicans need to be much more ambitious than trimming just $100 billion off of the president’s three-year $853 billion spending increase.
- The confused U.S. Department of Agriculture spends taxpayer money subsidizing fatty foods while at the same time setting nutritional guidelines with the purported aim of getting Americans to eat healthier.
- Downsizing the Department of Defense is up.
- The good and the bad in the draft report released by the co-chairs of President Obama’s National Commission on Fiscal Responsibility and Reform.