“It should be the highest ambition of every American to extend his views beyond himself, and to bear in mind that his conduct will not only affect himself, his country, and his immediate posterity; but that its influence may be co-extensive with the world, and stamp political happiness or misery on ages yet unborn.” – George Washington
John Stossel | Politicians Never Learn
Weeks away from defaulting on their debt, Greek politicians promised the International Monetary Fund and the European Union that they would cut spending in exchange for a bailout. But politicians are politicians. They can’t stop spending. Now the Prime Minister has a new idea on how to save Greece: Government subsidies for “green” energy.
Michael Barone | The Gathering Revolt Against Government Spending
This month, three members of Congress have been beaten in their bids for re-election — a Republican senator from Utah, a Democratic congressman from West Virginia and a Republican-turned-Democrat senator from Pennsylvania. Their records and their curricula vitae are different. But they all have one thing in common: They are members of an appropriations committee.
Like most appropriators, they have based much of their careers on bringing money to their states and districts. There is an old saying on Capitol Hill that there are three parties — Democrats, Republicans and appropriators. One reason that it has been hard to hold down government spending is that appropriators of both parties have an institutional and political interest in spending.