Saturday, April 28, 2012

Switzerland’s “Debt Brake” Is a Role Model for Spending Control and Fiscal Restraint

Townhall

Americans looking for a way to tame government profligacy should look to Switzerland. In 2001, 85% of its voters approved an initiative that effectively requires its central government spending to grow no faster than trendline revenue. The reform, called a “debt brake” in Switzerland, has been very successful. Before the law went into effect in 2003, government spending was expanding by an average of 4.3% per year. Since then it’s increased by only 2.6% annually.

We need something because what we've got isn't working.  The left is working hard to impose massive tax hikes because that spending opm is all they know.

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