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Kudlow’s Money Politics

Larry Kudlow’s daily web log of matters political and financial.

Without Deep Spending Cuts, the Republicans Lose the House in 2014



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Okay, it’s official. According to the Treasury Department, the U.S. debt jumped to $16.1 trillion in 2012 from $14.8 trillion in 2011. That’s a $1.3 trillion deficit for the last year. Remarkable. During President Obama’s first term, the federal debt rose by roughly $6 trillion.

Now, if they are bold, House Republicans will take advantage of these dismal numbers. Bold means bold spending cuts, as in cut spending like there’s no tomorrow. Bold means implementing the $1.2 trillion spending sequester. Bold means an absolute rock-solid commitment to spending cuts. A new Rasmussen survey shows that 62 percent of Americans favor across-the-board spending cuts. That includes every program of the federal government, according to the survey.

So Republicans can persuade the public about bold spending cuts. They can make it their key message and central marketing strategy. If they don’t, they risk losing the House in 2014.

Read my full column here



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