Here's an excerpt from a good article by Pat Buchanan. I may not agree with Buchanan all the time, but there are times I think he's spot on. This is one of them.
Fat City
Is Congress even aware of what is happening?
Harry Reid is talking about doubling Medicare rolls to include folks 55 to 64. Facing a second straight $1.4 trillion deficit, Congress is moving to raise the debt ceiling by another $1.8 trillion.
And the lead story in the Post Monday began:
"The Senate cleared for President Obama's signature on Sunday a $447 billion omnibus spending bill that contains thousands of earmarks and double-digit increases for several Cabinet agencies."
Total cost of the Senate bill passed Sunday was "$1.1 trillion, including average spending increases of 10 percent for dozens of federal agencies."
Ten percent hikes for federal agencies? What is going on?
These congressmen never stop bingeing. They are addicts. They are alcoholics. And they are spending our money. According to Taxpayers for Common Sense, there are 5,200 earmarks in that one Senate bill, which averages out to 12 pork projects for every House member – and 52 for every senator.
What is going on in Washington
The financial crisis that almost sank the capitalist system was the work of Washington and Wall Street. The Fed created the bubble. The White House and Congress goaded banks into making all those subprime mortgages. Fannie and Freddie bought up the lousy paper and turned it into securities. Wall Street banks bought them up and put them on their books as Triple A assets. Federal regulators looked the other way.
Yet happy days are here again on Wall Street. And Washington never saw better times, with federal workers now earning, on average, $31,000 a year more than workers in the gutted private sector.
Is this the government the Founding Fathers dreamed of ...
"We the people" need to scale this "Fat City" government back.
Read the whole thing here: Fat City
