Thursday, February 02, 2006

Federal Deficit - Our Senators Favor It

The pork busters in DC are amused by our senators' efforts to increase the federal deficit. Senator Patty Murray and Senator Maria Cantwell are holding classes in three Washington cities to instruct government agencies and nonprofits how to get more funding. And these are all in Eastern Washington; they must have many more sessions planned. You might think this doesn't make the deficit worse, that people will be vying for funds from a pot whose size is already determined. But what will happen when some of the worthy applicants don't get funded? They will cry in every public venue how President Bush doesn't care about the projects and people they intend to spend the money on. And that will put pressure on ... more spending ... and more ... and more. Donald Luskin is the Chief investment officer at Trend Macrolytics LLC, an independent economics and investment consulting firm. His blog has an unusual title. He covers the details at The Conspiracy to Keep You Poor and Stupid. Cross posted at Sound Politics

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