“[A]n unprecedented streak of spend and borrow has now put [us] into the greatest financial hole . . . ever.”
Sound familiar? That comes from an e-mail written by Tom Cross, the Republican leader of the Illinois House, describing the Blagojevich administration’s ongoing raids on state employee pension and other dedicated funds. (More detail.)
Note that those words could just as easily have come from a congressional Democrat assailing George W. Bush’s fiscal policy of running up deficits for citizens’ grandchildren to pay.
Both criticisms are on target. So why are there no pundits and politicos around to state the obvious: that both Blagojevich and Bush want to expand government, but neither has the guts to acknowledge that it must be paid for?