This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.
Sentiment: NEGATIVE
We are spending more as a percentage of our entire economy, almost 25 percent, than we have spent at any time since the end of World War II.
As long as we're focused on spending, there are only two ways to do that: One is spend less, and Democrats have no solutions for that. Or we have pro-growth policies that make the economy grow so the dead-weight cost of government becomes a smaller percentage of the economy and therefore less expensive.
I continue to vote against such spending increases, but sometimes I think some of my Republican colleagues forgot that we were sent here to shrink the federal government, not to grow it.
If you don't get spending under control, eventually you're going to have a big tax increase.
The problem is that the economy isn't growing fast enough to accommodate the level of spending produced through the democratic process.
As anyone who lived through the 1990s knows, nothing shrinks our deficits faster than a growing economy.
But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.
With the shrinking of the US economy, and it's shrinking very rapidly, you not only have more money, but you also have fewer goods. That's a classic double-whammy on inflation.
Spending is not caring. Spending is what politicians do instead of caring. Spending more does not guarantee success. Politicians like to measure spending because it is easier than measuring actual metrics of accomplishment.
If we don't get a grip on government spending, there will be no growth.