Fox contributor Gary Kaltbaum today said that it's "insane people" who believe that "if you cut spending, it's gonna hurt the economy." In fact, actual economic experts agree that cutting spending during weak economic growth damages recoveries and depresses employment.

This was the conclusion of the October 2010 World Economic Outlook  report, in which the International Monetary Fund examined data from the past 30 years to see what impact austerity measures had on weak-performing economies.