Veronique de Rugy: Spending Can Be Cut

Its been done elsewhere, and it need not be electorally damaging to the elected officials who advocate them. To the contrary.

If anything the opposite tends to be true.” . . . Among other evidence, the paper cites the three governments that executed the most high-profile expenditure-based deficit reductions in recent history and yet were re-elected: Ireland in 1987, Sweden in 1994, and Canada in 1994.

Broadbent’s empirical study complements a 1998 Brookings Institute study by the economists Alberto Alesina, Roberto Perotti, and Jose Tavares.

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