The Politics of Budget-Cutting

Victor Davis Hanson, RealClearPoliticsThe voters just spoke. They think they want no more gargantuan deficits, massive public spending and exponential growth in government -- or the specter of higher taxes to pay for all of it. No wonder: We are on pace to soon owe 100 percent of our annual gross domestic product in national debt, while compiling the largest annual peacetime deficits in our history.So cutting the borrowing and spending is inevitable if America is to avoid a Greece-like implosion. But as the blood sport begins, we should remember the strange politics that will soon govern the process. Receive news alertsFirst, no...

bill oreilly fox news hamid karzai barak obama hillary clinton