Reagan, Clinton, and Spending Restraint

The latest video from Dan Mitchell from the Center for Freedom and Prosperity talks about government spending as a share of GDP during the Reagan and Clinton years. Watch and learn!

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It’s striking to see the difference in the sheer level of numbers we’re talking about now under President Obama — the levels we’re looking at for the 1980s and 1990s are simply unthinkable in 2010. Spending cuts to get back to that level of GDP would take far more than a “meat cleaver” approach, as Congressman Peter Welch has chided — it’d take a combination of a chainsaw to government pork, a massive modernization of entitlement policies, and a rediscovery of pro-prosperity tax reform which provides for economic growth and higher employment.

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