Wielding a wicked budget axe…not

Reading as I am a history of the Bureau of the Budget, and being swept up a little by the budget-cutting enthusiasm of the early 1920s budgeteers under Charles G. Dawes, I am a little underwhelmed by the pusillanimous stance taken by today’s Office of the Management and Budget under its current head, Jacob Lew. Arguably, the state of the nation’s finances is in a worse mess today than it was following WW I. But at least at that time, there was a wide consensus that the national debt had to be brought under control. Anyway, read and weep the somewhat scathing account by Peter Suderman over at www.reason.com of the courageous assault by Lew and his cohorts on the calamitous deficits.

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