January 4, 2007 1:15PM 

# Spending Reality Check 

By [David Boaz](https://www.cato.org/people/david-boaz) 

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“We’ve done a better job of holding the line on domestic spending.…By continuing these policies, we can balance the federal budget by 2012.”

–President Bush in the [*Wall Street Journal*](http://opinionjournal.com/editorial/feature.html?id=110009473), January 3, 2007

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##### Related Tags 

[General](https://www.cato.org/general), [Tax and Budget Policy](https://www.cato.org/tax-budget-policy) 

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