Brooks: The Right Way to Deficit Cut
David Brooks writes in the New York Times:
We’re going to be doing a lot of deficit cutting over the next several years. The country’s future greatness will be shaped by whether we cut wisely or stupidly. So we should probably come up with a few sensible principles to guide us as we cut.
The first one, as I tried to argue last week, is: Make Everybody Hurt. The sacrifice should be spread widely and fairly. A second austerity principle is this: Trim from the old to invest in the young. We should adjust pension promises and reduce the amount of money spent on health care during the last months of life so we can preserve programs for those who are growing and learning the most.
So far, this principle is being trampled. Seniors vote. Taxpayers revolt. Public employees occupy capitol buildings to protect their bargaining power for future benefits negotiations. As a result, seniors are being protected while children are getting pummeled. If you look across the country, you see education financing getting sliced — often in the most thoughtless and destructive ways. The future has no union.
In Washington, the Republicans who designed the cuts for this fiscal year seemed to have done no serious policy evaluation. They excused the elderly and directed cuts at anything else they could easily reach. Under their budget, financing for early-childhood programs would fall off a cliff. Tens of thousands of kids, maybe hundreds of thousands, would have their slots eliminated midyear.
Out in the states, the situation is scarcely better. Many governors of both parties are diverting money from schools in thoughtless and self-destructive ways. Hawaii decided to cut the number of days in the school year. Of all the ways to cut education, why on earth would you reduce student time in the classroom?
Texas is taking the meat cleaver approach. School financing will be cut by at least 13.5 percent, around $3.5 billion. About 85,000 new students arrive in Texas every year. There will be no additional resources to accommodate them.
Which leads to the third austerity principle: Never cut without an evaluation process.
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