January 30, 2005

HURTING THE RIGHT PEOPLE:

Finally, a budget ax appears (David R. Francis, 1/31/05, CS Monitor)

Next Monday, the president is expected to propose real spending reductions in the first budget of his second term.

That's probably significant.

Up to now, the administration has let deficits mushroom. President Bush did not veto any appropriations bills in his first term. Last week, the White House estimated that this year's red ink would reach a record $427 billion.

But deficits and the costs of war - plus Mr. Bush's promise to halve the deficit, as a proportion of gross domestic product, in five years - are forcing change. So the beneficiaries of federal largesse - civil servants, lobbyists, even some military contractors - are edgy.

"I'm hearing a lot of anecdotal material that there will be an unprecedented squeeze on federal spending," says George Krumbhaar, senior editor of USBudget.com, a commercial service that monitors budget developments. [...]

A possible scenario for the fiscal budget starting in October: a mere 1 percent hike in federal spending outside defense and most of homeland security. That would be tough - a real decline after inflation. "It would be historic for this White House," says Stephen Slivinski, director of budget studies at the Cato Institute in Washington.


No politician ever hurt himself by going after lobbyists, bureaucrats, and the military-industrial complex.

Posted by Orrin Judd at January 30, 2005 6:05 PM
Comments

As much as our friends on the Left and the libertarian Right have criticized the administration on spending, one assumes they'll more than welcome this, right?

It must be terribly frustrating constantly to be outflanked by the "idiot" huh?

Posted by: kevin whited at January 31, 2005 11:39 AM

We await Andrew Sullivan's hearty cheer with bated breath.

Posted by: jim hamlen at January 31, 2005 1:30 PM
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