Sens. Patty Murray and Maria Cantwell of Washington State yesterday urged House Speaker John Boehner to bring a reauthorization of the Export-Import Bank to a vote in the House.
State-level politicians like to stand in front of large corporations and declare how welcoming their state is for business, and tout jobs gains for their state. What you don't see, behind the scenes, is that politicians are often luring businesses with sweetheart deals that hurt the economy on the whole and often subsidize failing businesses.
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.