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GUNS VS. BUTTER.(ISSUES & INSIGHTS)(EDITORIALS)

Investor's Business Daily

| August 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

This economic choice finds another expression in today's Washington: missile defense vs. Medicare. As surplus projections shrink, budgeteers on both sides of the aisle -- and this question -- will make their case. But the choice is not either/or.

Here's how Senate Democratic leader Tom Daschle put it: "How do you provide for additional commitment and resources to defense when we know that to do so would mean dipping into Medicare?"

Even Senate Republican leader Trent Lott seems to have accepted the false choice of guns vs. health.

"If we don't have $18 billion, we won't do $18 billion," Lott said in The Washington Times. He was referring to the White House request for more defense funds next fiscal year.

The sad fact: Congress could easily find the $18 billion and more if it could just control its spendaholic ways.

IBD's Sean Higgins laid out the big numbers in May, just after the House passed the budget resolution for fiscal 2002: "Over the last five years, Congress has exceeded its (budget) resolutions by a total of $142 billion."

Last year alone, Congress pumped up domestic discretionary spending by $25 billion more than the amount set in that year's budget resolution.

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