4.6 • 949 Ratings
🗓️ 1 April 2011
⏱️ 9 minutes
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0:00.0 | This is the Cato Daily Podcast for Friday, April 1st, 2011. |
0:05.0 | I'm Caleb Brown. Federal spending is out of control, but if you think Tea Party-backed |
0:10.3 | Republicans are getting tough. |
0:12.8 | Think again. |
0:13.8 | Votes on spending cuts have routinely failed in this GOP controlled house and the prospects |
0:18.8 | for cutting even a paltry 61 billion out of the federal budget may be wishful thinking. |
0:24.3 | Tad Dehaven Budget Analysts at the Cato Institute comments. |
0:27.7 | When it comes to spending cuts, why does compromise always mean less or fewer dollars cut? |
0:35.0 | Well, I think what we're looking at right now is a political exercise. |
0:40.0 | I think that it's human nature that you have one number and somebody else wants a different number so you split the difference or at least that's the assumption that Democrats are operating under right now. |
0:51.0 | It's an interesting dynamic because John Boehner in the |
0:56.7 | House leadership and the Republican side find themselves in sort of a bind. They |
1:01.6 | realize that they were put into power by an electorate that was |
1:06.0 | hungry for substantial spending cuts. At the same time, they don't want a government |
1:10.9 | shutdown, they don't want to get blamed for it from an unsympathetic media and so they have to figure |
1:16.5 | out a way this would be Boehner he has to try and figure out a way to make an agreement make |
1:20.9 | it a deal with Democrats, |
1:22.5 | with that looking like a complete sellout. |
1:25.1 | And so that's why we've gone from $60 billion. |
1:28.5 | Now they're talking about $33 billion. |
1:30.8 | But let's step away from the 66 billion to 33 billion. |
1:34.7 | Certainly for most folks out there, that's a lot of money. |
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