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In the face of a looming fiscal catastrophe, our federal government must make significant and immediate spending cuts. Tim Pawlenty offers a budget realists' perspective on how he was able to accomplish such a feat in Minnesota during his two terms as governor. THUMBS UP if you think Washington could stand to learn a thing or two about slashing spending, and don't forget to subscribe to our channel for more videos from Cato! Former Minnesota Governor Tim Pawlenty earned an "A" on Cato's Fiscal Policy Report Card on America's Governors in 2010. Check out the full text of the report by clicking the link below: http://www.cato.org/pubs/pas/PA668.pdf