National Debt Topped $17 Trillion Last Month

Cato Institute’s Michael Tanner offers a way out. Mr. Tanner presciently emphasizes that the only way to cut spending is to cut spending. Here Michael provides the detailed program of required spending cuts.

As of this month, our national debt tops $17.1 trillion. The time has long since passed for Congress to get serious about cutting spending. That means we must be willing to cut “our” spending as well as “their” spending. The cuts we recommend will almost certainly arouse the ire of powerful interests and constituencies. Others may legitimately have better ideas for what and how to cut. But in the end, the only way to reduce the size, cost, and intrusiveness of government is to cut spending. And the only way to cut spending … is to cut spending.

Read Michael Tanner’s entire list of recommendations on how to cut spending by clicking here.