Try walking the halls of Congress. It's Abercrombie & Fitch meets the Hair Club for Men. Lots of really photogenic young people kissing up to lots of insufferable blowhards. Separated by one or two generations, most of these players have only one real thing in common: They have never been weaned from the public teat. The closest they've ever come to meeting a payroll is when they come together to spend everyone else's payroll taxes.
The current health care takeover proposals feature a crucial payoff to Big Labor - a golden exemption from any tax on union members' generous health care benefits. The friends and patrons of Obama may be making out like bandits. But for everyone else, the Democrats' ideological bankruptcy comes at a nauseatingly steep price.
House GOP Leader John Boehner on Monday rightly sounded the alarm over billions in stimulus tax dollars that could potentially go to the Association of Community Organizations for Reform Now (ACORN). But the Republican leadership has only scratched the surface over what amounts to a bottomless slush fund for a bigger coalition of housing entitlement thugs.
Washington continues to encourage ever more ill-considered lending in a misguided attempt to stave off needed market corrections. The currently proposed combination of a nationwide infrastructure spending orgy plus tax-cut bribes does nothing to remedy that.
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