Rethinking Big Government
Kathryn Nix /
As Congress returns to Washington, the crucial decisions that await lawmakers will have enormous financial ramifications for the country for years to come. House and Senate leaders continue their struggle to land a health care bill on the President’s desk this month, even though proposed legislation would add to the federal deficit long-term, requires states to spend more on programs they are currently seeking to cut back on, and slam Americans of all incomes with new taxes. Accompanying the health care debate is the attempt to raise the ceiling on the national debt, giving Congress even more spending ability. All of this follows in the wake of the failed and costly stimulus bill.
From the behavior of our elected officials, one might think a government spending crisis was non-existent, or at least a long way off in the future. Think again, folks—it’s here. (more…)