Speaking of Democrats spending more than Republicans, enter this year’s fiscal budget:

Congress’s budget resolution relies on massive tax increases while ignoring the coming explosion in Social Security, Medicare, and Medicaid spending. It pushes up discretionary spending and sets a clear path for more of the same on the mandatory side. This classic tax-and-spend budget assumes the expiration of the tax cuts that have helped to create jobs and promote economic growth. It would lead to higher tax rates for families and businesses, slower economic growth, and a nation woefully unprepared to face the coming retirement of 77 million baby boomers.

Which of course is exactly what Nancy Pelosi promised wouldn’t happen:

“After years of historic deficits, this new Congress will commit itself to a higher standard: pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”

Once you are elected though, “mountains of debt” quickly turns into investments in our future, right Nancy? Did anybody really buy the idea that Democrats would be fiscally conservative if entrusted with Congress? If you did, I’d like to sell you a bridge.

Archived in: Congress, Deficit, Democrats, Medicare, Republicans, Social Security