Era of Big Government, Cont’d.
John McCain sums it up nicely:
“Congress is now spending money like a drunken sailor,” said McCain, a former Navy officer, “and I’ve never known a sailor, drunk or sober, with the imagination that this Congress has.”
[snip] “The administration originally supported an energy bill that would cost about $8 billion. This one is up to $24 billion, and the administration is still saying it’s one of its highest priorities,” McCain said. “I don’t know how you rationalize that.”
“Any economist will tell you cannot have this level of debt of increasing deficits without eventually it affecting interest rates and inflation,” he said. “Those are the greatest enemies of middle-income Americans and retired Americans.”