States are dumping more and more expenses on federal taxpayers. States love to spend federal money because state voters don't pay for it or at least think they don't pay for it.
More Quotes from Brian Riedl:
President Bush's pledge to halve the budget deficit by 2009 distracts policymakers from the real issue of unsustainable trends in long-term entitlement spending. The president's proposal to slow Medicare's 9 annual growth rate is a good fiscal step, but the budget does not propose enough immediate and bold reforms to the quickly growing entitlement programs that threaten to overwhelm the budget.Brian Riedl
Director Portman will be inheriting the most dire long-term fiscal outlook we've ever had. The first baby boomers retire in 18 months, and the Social Security, Medicare and Medicaid costs are set to explode. On top of that, he'll be dealing with a Congress that's absolutely addicted to runaway spending and pork.
Brian Riedl
The fiscal situation will probably have to worsen and cause some economic pain before it becomes a priority.
Brian Riedl
The more controversial bills will most assuredly end up in a lame-duck Congress.
Brian Riedl
Congress continues to resist cutting even one program.
Brian Riedl
In the absence of even mentioning tax reform in his State of the Union address, it may be presumptuous to assume a revenue-neutral AMT fix after 2007.
Brian Riedl
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