Federal spending is outstripping economic growth at a rate unseen in more than half a century, provoking some conservatives to complain that government under Republican control has gotten too big.Ironically today's topic was already going to be Senator Hagel's fiscal conservatism, as a reader commented on it yesterday. Senator Hagel sent a letter to his supporters recently that outlined his six top priorities. One of them was a concern over deficit spending. This is what Chuck Hagel said in the letter about the subject:
The federal government is currently spending 20.8 cents of every $1 the economy generates, up from 18.5 cents in 2001, White House budget documents show. That's the most rapid growth during one administration since Franklin Roosevelt.
"It is dangerously irresponsible for the government to continue deficit spending at the rate we are currently spending. We cannot continue to run up the national debt and burden future generations of Americans with huge government obligations that will impair their ability to compete and prosper. Deficits and accumulation of debt erode the economic fundamentals of a country. They debase a nation’s currency. This continued weakening of our economic base will have significant economic and national security implications for our future. The national leadership of this country must prioritize its resources and policies, and govern with accountability and purpose.”
Mike Pence was on NPR this morning, who the reporter called the conservative's conservative. To support this claim it was said that he had voted against No Child Left Behind and the new prescription drug benefit because of the costs related to the two of them.
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Interesting. As the New York Times Magazine reports Senator Hagel voted NO on No Child Left Behind and these other big spending bills. So from a fiscal conservative standpoint, it looks like Senator Hagel is also a conservative's conservative.