That’s all we need to know about Washington. No matter how much we taxpayers send them, they will spend ever dime of it and more.
The Wall Street Journal today in an editorial used Congressional Budget Office figures through the third quarter of the year to show that even though revenues have actually increased in the past two years, spending far outstripped the pace.
Here is the meat of the red meat editorial:
Mull over that one. The Obama years have racked up the three largest deficits, both in absolute amounts and as a share of GDP, since Hitler still terrorized Europe. Some increase in deficits was inevitable given the recession, but to have deficits of nearly $1.3 trillion two years into a purported economic recovery simply hasn’t happened in modern U.S. history. Yet President Obama fiercely resisted even the token spending cuts for fiscal 2011 pressed by House Republicans earlier this year.