Saturday, December 21, 2024
Hawai'i Free Press

Current Articles | Archives

Thursday, December 12, 2013
The More You Buy, the More You Save
By Heritage Foundation @ 12:40 PM :: 4343 Views :: National News

The More You Buy, the More You Save

by Amy Payne, Heritage Foundation, December 12, 2013

‘Tis the season for sales. But beware of this enticing line: “The more you buy, the more you save!”

Because, when the bill comes, the truth is: The more you buy, the more you spend.

Some Members of Congress are using this logic in their latest budget proposal. They’re promising savings—but they’re actually just spending more (of your money).

Yesterday, Representative Raúl Labrador (R-ID) expressed strong opposition to the budget plan, explaining, “We are making promises of future spending decreases again, for actual spending increases today.”

Promises of future spending cuts. That should sound familiar. As Heritage visiting fellow Patrick Louis Knudsen has explained, this is one of several tricks Congress uses to make its proposals sound appealing in the short term. He calls it “Spend Now, Save Later.”

“This time-honored practice does just what the name implies: It spends money up front with the promise of cutting spending and reducing deficits later.”

Sure enough, the latest budget plan promises it will reduce the deficit—later. But not without raising the deficit first!

The Ryan-Murray budget plan would increase the deficit by $45 billion over the next three years. But later on—maybe in about nine years?—it will start reducing…the deficit it just increased.

It spends long before it saves. The more you buy, the more you spend. Spending is the now—and the later may never come.

Speaking of faulty promises, you may have heard that the proposal includes increasing TSA “user fees” for travelers. Even this characterization is a bait-and-switch: The fee increase would not have anything to do with making your air travel safer or smoother. Instead, it would pump new money into the Treasury’s general fund for more government spending.

Congress will not make any progress toward balancing the budget—and avoiding future debt ceiling and government shutdown fights—until it gets serious about hitting the brakes onspending your hard-earned money. The more they spend, the more we pay.

Read the Morning Bell and more en español every day at Heritage Libertad.

Quick Hits:

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii