The current trend points to tax increases in the long run. The political will to make the difficult decisions on spending is lacking.
More Quotes from Brian Riedl:
Congress continues to resist cutting even one program.Brian Riedl
Earmarks could be worthy or not, but we still consider it corrupting because lawmakers are deciding who gets a grant.
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Sacrifice ... At this time, there is none.
Brian Riedl
Yes, it's true that earmarks are only 1 percent of all federal spending, but earmarks have a cultural effect on Congress that is much larger than their cost. It fuses Congress together with lobbyists and creates a culture of government spending as a means to re-election, which bleeds into other areas.
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It's easy to practice checkbook compassion.
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The White House always says it's due to defense and homeland security...but even without defense and homeland security it's record spending. The brakes are off everywhere.
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