Monday, February 2, 2009

Democrats Set High Goal Of Sweeping Fiscal Reform

From Washingtonpost.com:

It's the holy grail of Washington politics: a federal budget that generates ample funds through a simpler and fairer tax code, defuses the spending time bomb for health and retirement programs, and supports the nation's economy during the worst downturn in generations.

President Obama and congressional Democrats have high ambitions to chart such a course, and say that they hope to strike a grand bargain with Republicans to bring taxes and government spending back into balance over the next few years, taming budget deficits that threaten to spiral out of control.

Hundreds of billions of pork spending...I am not sure that is a step in the right direction.

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