Republicans propose to eat 'seed corn' | Arkansas Blog

Monday, February 14, 2011

Republicans propose to eat 'seed corn'

Posted By on Mon, Feb 14, 2011 at 6:19 AM

Paul Krugman assesses the Republican plan to cut federal spending and comes up with a slogan — "Eat the Future." It's devised because, polls show, most people really don't want spending cuts, at least not in anything other than the tiny amount spent on foreign aid (not the same thing as fighting wars.)

Why cut a billion dollars from a highly successful program that provides supplemental nutrition to pregnant mothers, infants, and young children? Why cut $648 million from nuclear nonproliferation activities? (One terrorist nuke, assembled from stray ex-Soviet fissile material, can ruin your whole day.) Why cut $578 million from the I.R.S. enforcement budget? (Letting tax cheats run wild doesn’t exactly serve the cause of deficit reduction.)

Once you understand the imperatives Republicans face, however, it all makes sense. By slashing future-oriented programs, they can deliver the instant spending cuts Tea Partiers demand, without imposing too much immediate pain on voters. And as for the future costs — a population damaged by childhood malnutrition, an increased chance of terrorist attacks, a revenue system undermined by widespread tax evasion — well, tomorrow is another day.

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