IMAGINE, FOR A moment, a president who doesn’t want to spend money. Given the last several decades of presidential history, this may sound fanciful. But assume that a president has successfully campaigned on spending less money, and perhaps even balancing the federal budget, and then, once in office, has decided to try to carry out that program. What would such a president do?
If a president wants the federal government to spend less money, then somewhere, somehow, at some time, someone with appropriate authority needs to actually stop spending money. This is even more difficult than it sounds.
It’s not just that in Washington, plans to spend more, but less than otherwise expected, are frequently denounced as debilitating cuts. Nor is it simply that bureaucrats stamp their feet and leak…