Yglesias Award Nominee

"I'm extremely troubled by the fact that the record tax revenue was offset by record spending, which increased 7.4 percent from a year ago. Even more depressing is that a supposedly conservative Congress and President allowed education spending to rise over 28 percent in one year, and Medicare to grow at a rate of 12 percent over the same time period.

Can there be any better evidence that you can't control the deficit until you get a handle on spending.  Why do we have to explain this to a supposedly 'conservative' Congress and GOP, who have 'gone native' and utterly failed to grasp the necessity of actually cutting government? And they wonder why some conservatives are thinking of staying home on Election Day (I'm not one of them, but there are many who may do so). Memo to the GOP: Conservative anger isn't about Mark Foley - it's about spending like Democrats (as well as immigration).

But the real buzzkill on this news is the utter failure to rein in entitlement spending. If nothing is done about actually cutting Social Security and Medicare rather than reducing the size of its growth then all the prosperity and growth isn't going to matter one bit.

Quite simply, Social Security and Medicare are bankrupting the United States.  The GOP has done nothing to stop the train wreck and can only say 'Yeah, but the Democrats will be worse'. That's not comforting. It's like asking if you would rather die from a firing squad or lethal injection. Either way you're dead," - right-wing blogger, Bull Dog Pundit, exposing the fiscal insanity behind the Bush facade.