The nation's budget future is awash in red ink
As it has been for years. The federal government takes in gobs of tax dollars -- and the take is projected to get even bigger in the years to come. But spending is growing even faster, and the primary culprit is...entitlements:
The fiscal mess is compunded by the political class -- of both parties, and all persuasions -- that seems utterly unable, and unwilling, to curb spending. Doing this isn't just politically difficult. It's often professionally suicidal. No member of Congress wants to be seen as a perpetual Grinch who refuses to throw money at the problem of the moment in order to avoid the fiscal reckoning that will come some day.
That, many electeds believe, will be someone else's problem. Let them fix it.
Far better if we insisted on fixing problems now -- even a little bit would be a great start.