I subscribe to an email letter from FEE (Foundation for Economic Education) called In Brief, “a newsletter launched in 1946 by FEE’s founder, Lenard E. Read, as a printed commentary.” It’s brief, cogent, timely- great stuff.
Today I’d like to share one entry exactly as FEE included it in their newsletter:
Bridges Deleted; Alaska Gets the Money Anyway
“Mandatory funding for two controversial bridge projects in Alaska—including the ridiculed ‘bridge to nowhere’—has been stripped from a federal spending bill, a congressional committee said on Wednesday. As a compromise, Alaska will still receive the money that had been set aside for the bridges to spend as it likes on transportation needs.” (Reuters, Thursday)
On Capitol Hill this is called budget-cutting.
FEE Timely Classic
“The Politics of Deficit Spending” by Hans F. Sennholz
IMO, one of the reasons Capitol Hill can engage in such easy ‘budget-cutting’ is because we do not demand fiscal responsibility and care from them.