A Budget Cutting Deal That Boosts Federal Spending
This column by ACRU General Counsel and Senior Fellow for the Carleson Center for Public Policy (CCPP) Peter Ferrara was published August 4, 2011 on Forbes.com.
How is it possible that we can “cut” federal spending by $2 trillion over the next 10 years, and yet federal spending will still increase over that time by $7.5 trillion? Of course, the latter scenario would be the result of the debt-limit increase deal reached in Washington this week.
Both parties tell us that the debt-limit deal includes $2 trillion in spending cuts, and the national media dutifully reports that those cuts are […]

