Will Washington Embrace European Austerity?

By Greg Scoblete
January 04, 2011

The Washington Post writes that incoming Majority Leader John Boehner will preach the gospel of austerity, but his philosophy seems to leave out defense spending, a large chunk of the federal government's discretionary spending:

'"The American people want a smaller, more accountable government. And starting Wednesday, the House of Representatives will be the American people's outpost in Washington, D.C.," Boehner said. "We are going to fight for their priorities: cutting spending, repealing the job-killing health care law and helping get our economy moving again."

'

Over in Europe - where real austerity programs are underway - defense budgets are squarely on the table, and the chopping block. Ironically, both liberals and conservatives are likely to look nervously at European austerity - liberals, for its negative impact on economic recovery and conservatives for its impact on transatlantic security.

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