DYSPEPSIA GENERATION

We have seen the future, and it sucks.

Time to Reform Unfunded Mandates

25th July 2012

Read it.

When deficits are high, Congress has even more incentive than usual to indulge in unfunded mandates. That way it can deliver the spending programs and other government goodies that voters like, and without adding to the deficit. Of course, this is because states and the private sector bear the burden instead.

Fred Thompson, upon being elected Senator: ‘To show you how new I am in Washington, the other day I went out and by mistake spent some of my own money.’

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