A trend has taken shape in Washington, and it has put our country on a devastating path towards potential fiscal ruin. The trend is characterized by an unsustainable penchant for spending money we don’t have. It became crystal clear in last year’s debt ceiling negotiations and was further highlighted by the recent debate surrounding the fiscal cliff; our country is broke, yet our government continues to spend more, risk more and accumulate more debt. Entitlements are often blamed for the vast majority of our spending issues, but our tendency to overspend is not restricted to just these. Parallels exist across the...
I worked in the EX-IM Bank building for the better part of 16 years starting in the early 1980's.. My impression of the EX-IM was that it was a group of underworked (the place always seemed very quiet and half-empty), over-paid (their FTEE civil service pay grade staffing chart is top-heavy), maneuvering and positioning themselves for their next overseas all-expense paid, travel. If working class, business class, and professional Americans could spend several days unobserved in the federal bureaucracy they would be furious, and no doubt there'd be a wholesale revolution against the federal government. Washington is routinely referred to as "Disneyland on the Potomac" for good reason.
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