By Tom Quiner
Who do you blame for out-of-control government spending? The President?
I suggest we start with Congress, and specifically, the House of Representatives. All spending bills start in the House. The President can promote spending programs using the bully pulpit. And he can sign or veto the spending bills passed by Congress. But it is Congress that spends the money.
So who is going to do something about unsustainable government spending?
I suggest that it is going to take a real leader to get something done. There is one candidate for president who has a pretty good track record in this department: Newt Gingrich.
The chart above from the Department of Management and Budget says it all. During Newt Gingrich’s tenure as Speaker of the House from 1995 through 1999, we saw government spending decline as a percentage of GDP. Mr. Gingrich is more than a visionary, he gets things done.
If you’re concerned about the trajectory of America’s fiscal future, you might want to take a closer look at Newt Gingrich.