PORKBUSTERS UPDATE: The Washington Post's Samuelson Blasts "Fiscal Phonies" in Both Parties
Columnist Robert Samuelson of The Washington Post lays out the true parameters of the budget "debate" in Washington and in the process both demonstrates what is actually at stake in the Porkbusters campaign and the lateness of the hour for restoring this nation's financial health.
Both parties are at fault, according to Samuelson:
"Republicans often justify tax cuts as a way to control spending - 'starve the beast.' Government won't spend what it doesn't have. But Bush discredited that theory by both cutting taxes and raising spending.
"Democrats embrace class rhetoric and a self-serving mythology - only they are 'responsible' on the budget. Look (they say) at the surpluses achieved by Bill Clinton, from 1998 to 2001. The trouble is that those surpluses resulted largely from events beyond his control: the huge tax windfall of the tech and stock market booms, and the end of the Cold War, prompting much lower defense spending."
If you read nothing else today, read this.