“If we were to eliminate the entirety of government with the exception of social programs and the interest on the debt, we still wouldn’t be able to balance the budget.”
This is the diagnosis of Antony Davies as he examines the components of federal spending and revenue.
“There are no specific cuts that will solve the problem,” he says. The problem is larger than any conceivable budget cuts can solve.
What do we do? Davies says: “Nothing less than a redesign of government will solve this problem, and that redesign should begin with the question: What is the proper role of government?”
