How do you solve a problem like massive spending? From time immemorial, the Republican Party has answered, “with a line-item veto!” Supposedly, if we give the president the right knife, he can go through appropriations bills line by line, slicing out the fat.
Surely even in his darkest moments, the 20-year-old Pete Townshend who penned the lyric “hope I die before I get old” never imagined himself as a paunchy geezer of 64, lurching his way through the geriatric wasteland of the Who’s recent Super Bowl halftime show. Such are the indignities that come with age.
President Obama recently announced that his proposed fiscal 2011 budget would freeze all non-defense discretionary spending. All, that is, except spending on education, and by default, the department that handles most of the money. It’s an exception that casts considerable doubt on both the president’s seriousness about killing wasteful spending, and his grasp of federal [...]
For the first time in memory, the federal government has closed for three straight days. “Snowmaggedon” has shut down Washington, D.C. and its suburbs. With the third storm within a week hitting the region, causing white-out conditions, even Uncle Sam can’t function.
Call it a “Constitutional Republic,” or a “Representative Republic,” the fact is – America, as a “republic,” is done for.
Many governments have responded to the economic downturn by increasing the size of the public sector. It was remarkable how quickly they resuscitated the theory that assumes more government spending can boost economic growth.