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I like tax cuts. In fact, I don’t think the tax cuts of 2017 went far enough. But tax cuts are only a part of the equation. The other part, spending cuts, are even more necessary if we’re ever going to reverse the budget deficit and start paying down our national debt. Based upon numbers from the first five months of fiscal year 2019, spending is heading in the wrong direction.
We’re spending more than we ever have other than 2009, the year of the Bush bailout and the Obama stimulus package.
Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W. Bush signed a $700-billion law to bailout the banking industry and incoming President Barack Obama signed a $787-billion law to stimulate an economy then in recession.
This is absolutely unacceptable, especially when we consider the GOP had been in complete control for two years prior. I can preach about how this is untenable, unsustainable, and irresponsible. I can go off on the lack of fiscal conservatism that is present in this administration and how these numbers would be no different if Democrats were in control. I could berate the GOP for not doing what they’ve always promised as part of their commitment to limited-government, fiscally conservative Republicanism, but that really hasn’t been in play for a long time despite their platform.
Instead I’ll leave you with this:
If the Republican Party refuses to cut spending, then their only purpose is to act as a semi-effective hedge against the Democrats and their leftist policies. That’s simply not enough to inspire conservatives to support them any longer.
Will you help revive the American Conservative Movement?
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