Obama Suffers a Painful Loss in the First Big Fiscal Battle of His Second Term

Obama Suffers a Painful Loss in the First Big Fiscal Battle of His Second Term

The statist agenda of ever-growing government requires more money going to Washington, which is why I think that proponents of limited government should do everything they can to block tax increases.

This is the “starve the beast” theory, and I’ve previously explained why I think it is a necessary part of any long-run strategy to restrain the burden of government spending.

He would never admit it, but Obama seems to agree, which is why he is dogmatically fixated on doing...