“The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government.” IfsThinkingIdeasEndsProblemGovernmentWealthPoorPayMoralCuttingGrowingShareEconomicHigherTaxesConsequenceResourcesProgramTablesSpendingDefenseAidsToleranceIncomeInequalityFundWealthyDistributionUnwillingNational DefenseEconomic ProblemsSpending CutsIncome Distribution Author:Bruce Bartlett
“Democrats will play the old Washington game of calling reductions in the rate of growth of spending for any program a 'cut'.” PlayGovernmentGamesGrowthFreedomDemocracyCuttingCallingProgramDemocratRateSpendingReduction Author:Bruce Bartlett
“There's bound to be a recovery in [capital spending] sometime soon. We have had basically no capital investment for about year. At some point, machinery wears out, and you've got to replace it.” YearsInvestmentBoundsSpendingRecoveryMachineryCapital Investment Author:Bruce Bartlett
