“When it comes to the future, there are three kinds of people: those who let it happen, those who make it happen, and those who wonder what happened.” ~ John M. Richardson, Jr.
MILLER: Political predictions for 2013
More taxes, more regulation and more golfing on the horizon
by Emily Miller | December 28, 2012 | WashingtonTimes.com
The last time Uncle Sam hit his credit limit, a deal was reached that was supposed to achieve savings. It was a total bust. Supposed “budget caps” have been broken, the supercommittee failed to find any agreement and the mandatory $110 billion sequestration scheduled for January will probably be ignored.
In place of restraint, expect to see another agreement that claims to make cuts down the road but delivers the usual budget gimmicks, ignored limits and empty promises. Look no further than the $60 billion “supplemental” pork-ridden bill moving quickly through the Senate to see how little Democrats care about resolving the debt crisis. Next year will be the fifth straight with a budget deficit of over $1 trillion.
Mr. Obama and his Democratic friends have no intention of doing anything real about the out-of-control spending because their political philosophy holds that bigger is better when it comes to government.