America’s Ungovernable Budget
Politicians can make endless promises, but if the government's budget doesn’t add up, politics is little more than mere words. The US is now caught in such a bind, because taxes are too low to fund adequate government services, and to propose raising them would be political suicide.
NEW YORK – The heart of any government is found in its budget. Politicians can make endless promises, but if the budget doesn’t add up, politics is little more than mere words.