In this second video on spending restraint for the Center for Freedom and Prosperity, Dr. Dan Mitchell of the Cato Institute tells us:

"Nations can make remarkable fiscal progress if policy makers simply limit the growth of government spending. This video, which is Part II of a series, uses examples from recent history in Canada, Ireland, Slovakia, and New Zealand to demonstrate how it is possible to achieve rapid improvements in fiscal policy by restraining the burden of government spending. Part I of the series examined how Ronald Reagan and Bill Clinton were successful in controlling government outlays -- particularly the burden of domestic spending programs."