spending cuts

Agriculture Cuts to Usher in the Apocalypse

Harold Camping is “flabbergasted” that the world did not end on May 21st as he had predicted. I think it’s because he didn’t account for the devastation that will be wrought by Republican budget cuts for fiscal 2012, which doesn’t begin until October 1st. Therefore, Camping’s new predication that the world will end on October 21st is much more plausible.

Wednesday Links

  • DON’T FORGET: Today at 2:00 p.m. Eastern at Cato, former Minnesota governor Tim Pawlenty will detail specific spending cuts Congress can make as it tries to rein in the size and scope of the federal government in “Limiting Government: What Washington Can Learn from Minnesota.” Tune in at our live events hub, or watch on Facebook.

Wednesday Links

  • New research suggests that there has been more monetary and macroeconomic instability since the Federal Reserve’s inception than in the decades preceding it.
  • New thinking about the usefulness of government programs will help us from restore fiscal balance and economic well-being in America.

Public Choice and Spending Cuts

The Institute for Humane Studies Learn Liberty project continues to offer clear-headed analysis in video form. The latest effort features Ben Powell of Suffolk University explaining the concept of concentrated benefits and diffuse costs in the context of ongoing budget fights.

Lobbying Wolves on the Prowl

The other day I noted that the budget cuts agreed to last week contained lots of familiar faces. Many of the agencies and programs getting a trim were also cut in 1995 in a rescissions package put together by Gingrich Republicans. In the fifteen intervening years, federal spending exploded across the board, which means that an occasional trim job doesn’t accomplish much if the goal is to limit government.

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