Thursday, January 7, 2010

"Ungovernable" (V)


In theory, Washington should be making good economic policy, even if it means going home to districts and explaining hard decisions. That's why we have Washington rather than a weekly election. Instead, it slavishly follows popular whims. In 2003, when growth was sound, Republicans in Congress passed a massive expansion of Medicare that was entirely financed on the deficit (not to mention tax cuts that were funded the same way). In 2009, amidst a crippling recession, Democrats are paying for every last dime of their health-care bill and delaying implementation so the price tag looks smaller.

(Emphasis mine.)

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